DFARS 252.245-7003 Contractor Property Management System Administration
Prescribed in 245.107(4) | ||
Effective Date: | 1 April 2012 | |
Clause or Provision: | Clause | |
Provision or Clause Number: | S 252.245-7003 Contractor Property Management System Administration | |
Principle Type And/Or Purpose of Contract: | ||
Required: | ||
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Optional: | ||
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Clause Overview: |
Clause(a) DefinitionsAs used in this clause— “Acceptable property management system” means a property system that complies with the system criteria in paragraph (c) of this clause. “Property management system” means the Contractor’s system or systems for managing and controlling Government property. “Significant deficiency” means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes. (b) GeneralThe Contractor shall establish and maintain an acceptable property management system. Failure to maintain an acceptable property management system, as defined in this clause, may result in disapproval of the system by the Contracting Officer and/or withholding of payments. (c) System criteriaThe Contractor’s property management system shall be in accordance with paragraph (f) of the contract clause at Federal Acquisition Regulation 52.245-1. (d) Significant deficiencies(1) The Contracting Officer will provide an initial determination to the Contractor, in writing, of any significant deficiencies. The initial determination will describe the deficiency in sufficient detail to allow the Contractor to understand the deficiency.
Final Determination of Significant Deficiencies(e) If the Contractor receives the Contracting Officer’s final determination of significant deficiencies, the Contractor shall, within 45 days of receipt of the final determination, either correct the significant deficiencies or submit an acceptable corrective action plan showing milestones and actions to eliminate the significant deficiencies.
(f) Withholding paymentsIf the Contracting Officer makes a final determination to disapprove the Contractor’s property management system, and the contract includes the clause at 252.242-7005, Contractor Business Systems, the Contracting Officer will withhold payments in accordance with that clause. | |
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Incorporated by Reference: | Yes | |
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Editor: | Marshall |
Personal notes.