Examples of Acquired Property in a sentence
Seller shall maintain accurate records of Contractor Acquired Property (CAP)/Government Furnished Property (GFP) including material per FAR Part 45, and FAR 52.245-1, to include subcontractor GFP and CAP.
In accordance with SPAWARINST 4440.12, the contractor shall procure items listed under the Contractor Acquired Property (CAP) paragraph.
Contractor shall take all actions necessary to adjust for overages, shortages, damage and/or other discrepancies discovered upon receipt, in shipment of Contractor- Acquired Property from a vendor or supplier, so as to ensure the proper allocability and allowability of associated costs.
The personal property management program is to be used for all Government property under this contract (GFP and Contractor Acquired Property).
Government Property (Government Furnished Property and Contractor Acquired Property) 1.