[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 846]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 45--GOVERNMENT PROPERTY--Table of Contents
 
  Subpart 45.6--Reporting, Redistribution, and Disposal of Contractor 
                                Inventory
 
45.615  Accounting for contractor inventory.

    Following disposition of all contractor inventory, and after due 
application of proceeds, the plant clearance officer shall prepare SF 
1424, Inventory Disposal Report, accounting for all property reported by 
the contractor and its disposition. The report shall indicate any 
inventory lost, damaged, destroyed, or otherwise unaccounted for, as 
well as any changes in quantity or value of inventory made by the 
contractor after submission of the initial schedules. The report shall 
be transmitted to the property administrator or, for termination 
inventory, to the termination contracting officer.