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IND 205 Contract Government Property Management Systems and Auditing Concepts
(Last Modified:08-Dec-2015)

Description

This resident course provides an educational setting to apply and analyze foundational knowledge gained in IND 105 and experiential on-the-job learning in order for the journeyman to identify factors that help determine the adequacy of a Contractor’s Property Management System. Emphasis is given to fundamental auditing concepts. Course lessons will include material that will allow students to: determine how to select the sample size for a given population; determine how to evaluate the sample and generalize to the population; analyze the essentials required for a Property Management System audit; prepare the worksheets (i.e. spreadsheets) and narratives involved with a Property Management System Audit; determine the requirements for the disposal of contract inventory; analyze a property management case study including background information, solutions, alternative solutions, and documentation. Other course modules explore how and when the Government may take title to property under a contract; analyze the appropriate Government property and related clauses that need to be included in a contract; examine a liability court case involving Government property subject to contract risk-of-loss clausal provisions; analyze the regulatory requirements for possible contract conflicts; and examine the factors that will impact risk (high, moderate, low) within a Contractor’s Property Management System.

Objectives

Download Course Objectives

Target Attendees

Level I industrial property management specialists and industrial plant clearance specialists or those individuals assigned duties relative to the administration of Government contract property that will involve Property Management System audit responsibilities including approval/disapproval of such contractor management systems.

Prerequisite(s)

Required:

IND 105, Contract Property Systems Analysis Fundamentals

Recommended:

1 year of property management experience after completing IND 105

CLC 051 Managing Government Property in the Possession of Contractors

CLE 040 IUID Marking

CLM 017 Risk Management

CLM 037 Physical Inventories

Predecessor Course(s) (Acceptable as a substitute for this course until the acceptance date specified below.)

Predecessor	Predecessor Course Title	PDS Code	Accepted Until
IND 103	Contract Property Management Audit Fundamentals	BRL	30-Sep-2014
	AND
IND 200	Intermediate Contract Property Administration and Disposition	BZQ	30-Sep-2014

Course Length

9.5 class days

Additional Course Information

Delivery Mode	Resident
Equivalent Courses	None
ACE Recommended Credits	YES
PDS Code	ZRD
DAU Public (material/prework)	YES

Continuing Education Units	5.2
Continuous Learning Points	52
Reservist Retirement Points	0
Historical Allocations	Mouse Over for Past CEU/CLPs

Notes

None