[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR45]

[Page 825]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 45--GOVERNMENT PROPERTY--Table of Contents
 
  Subpart 45.5--Management of Government Property in the Possession of 
                               Contractors
 
45.505-2  Records of pricing information.

    (a) Requirement for unit prices. (1) The contractor's property 
control system shall contain the unit price for each item of Government 
property except as provided in (b) below. When a contractor records the 
unit price of property on other than the quantitative inventory records, 
those supplementary records shall become part of the official Government 
property records.
    (2) (Note: This subparagraph (2) does not apply to nonprofit 
organizations.) The requirement that unit prices be contained in the 
official Government property records does not apply to those separate 
property records located at a contractor's secondary sites and 
subcontractor plants; provided, that--
    (i) Records maintained by the prime contractor at its primary site 
include unit prices; and
    (ii) The prime contractor agrees to furnish actual or estimated unit 
prices to the secondary site or subcontractor as the need arises.
    (3) When definite information as to unit price cannot be obtained, 
reasonable estimates will be used.
    (b) Determining unit price. (1) Contractor-acquired and contractor-
fabricated property. Except for items fabricated by nonprofit 
organizations for research and development purposes, the unit price of 
contractor-acquired and contractor-fabricated property shall be 
determined in accordance with the system established by the contractor 
in conformance with consistently applied sound accounting principles. 
Generally, separate unit prices should be applied to items of special 
tooling and special test equipment fabricated or acquired by the 
contractor. However, if the contractor's accounting system is 
acceptable, and if maintaining detailed cost records results in 
excessive accounting cost or is otherwise impracticable, group pricing 
may be used for special tooling, special test equipment, and work-in-
process in accordance with the contractor's acceptable cost accounting 
system. All processed material, fabricated parts, components, and 
assemblies charged to the contractor's work-in-process inventory, 
including items in temporary storage while awaiting processing, may be 
considered as work-in-process for this purpose.
    (2) Government-furnished property. The Government shall determine 
and furnish to the contractor the unit price of Government-furnished 
property. Transportation and installation costs shall not generally be 
considered as part of the unit price for this purpose. Normally, the 
unit price of Government-furnished property will be provided on the 
document covering shipment of the property to the contractor. In the 
event the unit price is not provided on the document, the contractor 
will take action to obtain the information.