Government Property (GP) definition

Government Property (GP) means all property owned or leased by the Government and provided to the Seller by the Buyer or the Government in relation to this Contract.
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Government Property (GP) means all property owned by the Government. This includes property purchased with the GPC.
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Examples of Government Property (GP) in a sentence

  • The Contractor shall designate a Program Property Manager who shall, in conjunction with designated Government representatives, be required to maintain up-to-date Government property records and inventory of property for all Government Property (GP), and Contractor Acquired Property (CAP).

  • GDLS-C must review and approve the plan/procedures to ensure the Supplier is managing Government Property (GP) in accordance with the requirements of the GDLS-C Purchase Order and / or Subcontract.

  • During performance on this Order, Seller is granted rent free use of FSD/LRIP Government Property (GP) including, but not limited to Special Tooling and Special Test Equipment on a non-interference basis.

  • The Contractor shall transfer all materials not depleted to the COR by way of the Material Inspection and Receiving Report (DD Form 250) and reported at the end of the contract via a one-time Government Property (GP) Inventory Report.

  • Property replaced as CAP is considered Government Property (GP) and the Contractor shall provide a separate invoice for replaced equipment with a unit price of $100,000 or greater listed in Attachment J-4, Part I, referencing the appropriate WBS.

  • The term Government Property (GP) refers to any Government Furnished Property (GFP) or Contractor Acquired Property (CAP) that will pass to the Government at the conclusion of this effort.

  • Government Property (GP) shall be acquired by and/or furnished to the Subcontractor in performance of this Subcontract.