Life-Cycle Tasks for Contract Property Management

Pre-Award: Provide assistance to the Program Manager, Contracting Officer, and Production Supply Manager to assist with the following pre-award tasks:

During Performance: Conduct property administration, performance audits, interim disposal actions, and support partial terminations: 

Upon contract completion: Close the contract property account:

• Assist in Construction of a Business Case for Property
• Support Solicitation with definitive information, clauses, and other terms to mitigate risks (for example, provide property "as-is" or with warrantees
• Support Source Selection by research of standards for control and an evaluation of contractors' property system plans and past performance

• Review Contract & Accept Assignments
• Establish Property Administration Records
• Report Contract Deficiencies (CDR) with recommendations
• Construct a Risk Analysis for stakeholders
• Establish Property Audit Objectives
• Plan a PMSA, data methods and elements, and schedule audit
• Conduct a PMSA and communicate results
• Respond to Reports of Property Loss
• Respond to Special Requests
• Dispose of Property that is no longer required during contract performance (Refer to Administer FAR 45.6)

• Require or waive final inventory
• Confirm updates to the  Property Record
• Assist with shipments
• Administer FAR 45.6 Disposal
• Coordinate Demilitarization
• Certify completion of all property actions
• Distribute history of property management