Modify FAR 52.245–1 by adding ‘‘and DOE Acquisition Regulation subpart 945.5’’ at the end of the first sentence in paragraphs (e)(1) and (2) of the clause.
Government property (cost-reimbursement, time-and-materials, or labor-hour contracts) (NOV 2024)
Modify FAR 52.245-1 by adding “and DOE Acquisition Regulation subpart 945.5” at the end of the first sentence in paragraphs (e)(1) and (2) of the clause.
The Contractor shall include the requirements of this clause in all subcontracts under which Government property is acquired or furnished for subcontract performance. (A) The Contractor shall award subcontracts that clearly identify items to be provided and the extent of any restrictions or limitations on their use. The Contractor shall ensure appropriate flow down of contract terms and conditions (e.g., extent of liability for loss of Government property. (B) The Contractor shall assure its subcontracts are properly administered and reviews are periodically performed to determine the adequacy of the subcontractor’s property management system.