FAC 2005-17, FAR Case 2004-025, Government Property - Final Rule (Federal Register) (US Federal Acquisition Regulation) (FAR) (2018 Edition‪)‬

The Law Library presents the complete text of the FAC 2005-17, FAR Case 2004-025, Government Property - Final Rule (Federal Register) (US Federal Acquisition Regulation) (FAR) (2018 Edition).
Updated as of May 29, 2018

The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) have agreed on a final rule amending the Federal Acquisition Regulation (FAR) to simplify procedures, clarify language, and eliminate obsolete requirements related to the management and disposition of Government property in the possession of contractors. FAR parts are amended to implement a policy that improves the management of Government property while fostering efficiency, flexibility, innovation and creativity by adopting property practices typically used in the commercial arena while continuing to protect the Government's interest. In addition, the rule simplifies requirements on contractors by reducing the number of FAR clauses from nineteen clauses to three overarching clauses. The final rule specifically impacts contracting officers, property administrators, and contractors responsible for the management of Government property.

This ebook contains:
- The complete text of the FAC 2005-17, FAR Case 2004-025, Government Property - Final Rule (Federal Register) (US Federal Acquisition Regulation) (FAR) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure