48 CFR 2045.371 - 2045.371 Property accountability procedures.

Regulations last checked for updates: Nov 22, 2024

Title 48 - Federal Acquisition Regulations System last revised: Nov 15, 2024

View all text of Subpart 2045.3 [2045.370 - 2045.371]

2045.371 - 2045.371 Property accountability procedures.

(a) The threshold for detailed reporting of capitalized equipment by contractors is $50,000.

(b) The contractor shall send a copy of each Financial Status Report (NRCAR 2052.211-72, and 2052.211-72 Alternate 1), that references the acquisition of, or change in status of, contractor-held property purchased with government funds valued at the time of purchase at $50,000 or more to the Chief, Property and Acquisition Oversight Branch, Division of Contracts and Property Management.

authority: 42 U.S.C. 2201; 42 U.S.C. 5841; 41 U.S.C. 418(b)

source: 64 FR 49337, Sept. 10, 1999, unless otherwise noted.

cite as: 48 CFR 2045.371