Which FAR Part addresses the management of Government Property?

FAR Part 45 specifically addresses the management of Government property, detailing how agencies should handle property that is owned by the government and provided to contractors for performance of a contract. This part outlines the responsibilities of both the government and the contractor in relation to the acquisition, management, and disposition of government property. It emphasizes the need for proper accountability and the establishment of procedures to prevent loss, damage, or misuse of property.

This part contains guidance on the various categories of property, including government-furnished property and contractor-acquired property, and explains the necessary controls and reporting requirements for their management. By setting clear definitions and protocols, FAR Part 45 helps ensure that government assets are used efficiently and effectively throughout the lifecycle of a contract.