Government-furnished property definition

Government-furnished property means property in the possession of, or directly acquired by, the Government and subsequently furnished to the Contractor for performance of a contract. Government-furnished property includes, but is not limited to, spares and property furnished for repair, maintenance, overhaul, or modification. Government-furnished property also includes contractor-acquired property if the contractor-acquired property is a deliverable under a cost contract when accepted by the Government for continued use under the contract.
Government-furnished property means property in the possession of, or directly acquired by, the Government and subsequently furnished to the Contractor for performance of a contract.
Government-furnished property means property in the possession of, or directly acquired by, the Government and subsequently furnished to the Contractor for performance of a contract. Government-furnished property includes, but is not limited to, spares and property furnished for repair, maintenance, overhaul, or modification. Government-furnished property also includes contractor-acquired property if the contractor- acquired property is a deliverable under a cost contract when accepted by the Government for continued use under the contract.

Examples of Government-furnished property in a sentence

  • Buyer will furnish the item(s) of property as Government Furnished Property or Buyer Furnished Property to the Seller at the FOB Destination for use in performance of this Contract.

  • Any Government Furnished Property or Buyer Furnished Property provided under this Contract may be identified in the Performance Work Statement, which has been incorporated as an attachment to this Contract (if applicable).


More Definitions of Government-furnished property

Government-furnished property means property directly in the possession or acquired by the Government and made available to the Seller either directly from the Buyer or the Government in performance of this Contract
Government-furnished property means property in the possession of, or directly acquired by, the Government and subsequently furnished to the Contractor for performance of a contract. Government-furnished property includes, but is not limited to, spares and property furnished for repair, maintenance, overhaul, or modification.
Government-furnished property has the meaning set forth in Section 3.18(n).
Government-furnished property means property in the possession of, or directly acquired by, the Government or Purchaser and subsequently furnished to the Subcontractor for performance of a subcontract.
Government-furnished property means property in the possession of, or directly acquired by, the
Government-furnished property means property in the possession of, or directly acquired by the Government and subsequently made available to the Contractor. Government-Furnished Property includes Government-Furnished materials and Government-Furnished Equipment.
Government-furnished property means personal property, equipment and fixtures loaned, bailed or otherwise furnished to any of the Acquired Companies by or on behalf of the U.S. Government for use in the performance of a Government Contract or Government Subcontract.