subpart 245.5--management of government property in the possession of contractors

(Revised September 13, 2007)

 

 

 245.505 Records and reports of Government property.
 245.505-3 Records of material.
 245.505-5 Records of plant equipment.
 245.505-6 Special reports of plant equipment.


245.505  Records and reports of Government property.

 

245.505-3  Records of material.

If adequate controls are in place to meet the requirements of the clause at 252.242-7004, Material Management and Accounting System, the contractor's material control system may physically commingle inventories that may include materials for which costs are charged or allocated to fixed-price, cost-reimbursement, and commercial contracts.  Government-furnished material (GFM) may not be physically commingled with other material, nor may GFM be used on contractor's commercial work.

 

245.505-5  Records of plant equipment.

 

      (a)  The contractor may use DD Form 1342, DoD Property Record, as a source document for setting up prescribed records.

 

245.505-6  Special reports of plant equipment.

The contractor shall prepare a DD Form 1342 in accordance with instructions contained in AR 700-43/NAVSUP PUB 5009/AFM 78-9/DLAM 4215.1, Management of Defense-Owned Industrial Plant Equipment (IPE)—

 

      (1)  Upon receipt and acceptance of each item of IPE including items which, though part of a manufacturing system, would otherwise qualify as IPE;

 

      (2)  Whenever major changes occur in the data initially submitted to Defense Supply Center Richmond (DSCR) (as specified by DLAM 4215.1);

 

      (3)  When IPE, including general purpose components of special test equipment which otherwise qualify as IPE, is no longer required for the purpose authorized or provided; or

 

      (4)  When disposal is completed.