Government Furnished Property: Management and Accounting


Book Description

This thesis assesses property management in Department of Defense (DOD) contract administration activities. A brief history of property administration and events which have led to criticism of DOD management and accounting is presented. Acquisition strategy is reviewed to provide perspective and rationale for the use of Government furnished property (GFP). Data was collected from seven contract administration activities through visits and interviews with Property Management Specialists. The conclusions provide assessments of the system, regulations, organization, and staffing for the management and accounting of GFP. Evidence reveals: low risk for contractor, low organizational visibility for property management and critical shortage of staffing. Recommendations include: a balanced sharing of risk between Government and contractor and a more career enhancing organizational structuring of the property management function within contract administration activities.







Management and Accounting of Government-furnished Property in Today's Army Acquisition Programs


Book Description

One area of Government acquisition which has recently received special attention from Congress and the Department of Defense is the management and accounting for Government-Furnished Property. This facet of Government acquisition is also under great scrutiny as an entire Process Action Team was assigned to examine and make recommendations for the Federal Acquisition Regulation Part 45 Rewrite Tea established by the Director, Defense Procurement, Eleanor Spector. Government-Furnished Property was also debated during the recent 1995 Defense Acquisition Research Symposium. The intent of this thesis is to understand why Government-Furnished Property is used, how the use of Government-Furnished Property can assist an Army Program Manager save in costs and operate more effectively, and document needed changes to current regulations. Twelve separate recommendations are presented which highlight changes to existing regulations, policies, oversight, and staffing. The focus of the research was to visit and survey Army acquisition agencies and their Defense contractors to document their current concerns and comments for the use of Government-Furnished Property in their specific programs. (AN).




Management and Accounting of Government-Furnished Property in Today's Army Acquisition Programs


Book Description

One area of Government acquisition which has recently received special attention from Congress and the Department of Defense is the management and accounting for Government-Furnished Property. This facet of Government acquisition is also under great scrutiny as an entire Process Action Team was assigned to examine and make recommendations for the Federal Acquisition Regulation Part 45 Rewrite Tea established by the Director, Defense Procurement, Eleanor Spector. Government-Furnished Property was also debated during the recent 1995 Defense Acquisition Research Symposium. The intent of this thesis is to understand why Government-Furnished Property is used, how the use of Government-Furnished Property can assist an Army Program Manager save in costs and operate more effectively, and document needed changes to current regulations. Twelve separate recommendations are presented which highlight changes to existing regulations, policies, oversight, and staffing. The focus of the research was to visit and survey Army acquisition agencies and their Defense contractors to document their current concerns and comments for the use of Government-Furnished Property in their specific programs. (AN).







Government Property Furnished to DOD Contractors


Book Description




Accounting for the Commercial Use of Government Furnished Property


Book Description

One area not identified by the Defense Management Review currently in progress is accountability for the commercial use of the Government Furnished Property located in Defense contractor's facilities. This study focused on this issue to determine if the Department of Defense should strengthen its accounting for contractors' use of Government Furnished Property on commercial work. The results of interviews with 50 Government and contractor Property Administrators at headquarters, field level activities, and contractors' facilities are reported. It was concluded that the current accounting procedures utilized by Defense agencies involved with contractors using Government Furnished Property for commercial work are inadequate and 15 recommendations are presented to correct these accounting deficiencies.







Economy in Government Procurement and Property Management


Book Description

Investigates procurement and other property management activities of the Federal government, especially the Defense Dept.




DOD Financial Management


Book Description

DOD’s lack of accountability over government property in the possession of contractors has been reported by auditors for decades. This long-standing issue affects the accounting and reporting of GFP and is one of the reasons DOD is unable to produce auditable financial statements. DOD estimated the value of its GFP at over $220 billion; however, that amount is likely significantly understated. This report, developed in connection with fulfilling GAO’s mandate to audit the U.S. government’s consolidated financial statements, examines the (1) challenges DOD has encountered in department-wide efforts to address weaknesses related to its accounting for GFP and (2) extent to which DOD has developed a department-wide strategy to address the GFP-related material weakness. GAO is making three recommendations, specifically, for DOD to (1) document and implement a process for memorandum distribution and for reviewing components’ compliance, (2) document procedures for how the Council and related oversight groups will function, and (3) develop a comprehensive strategy to clearly articulate the detailed DOD-wide efforts to address the GFP material weakness.