For government contractors, managing government property is more than an operational task, it’s a compliance requirement. If your contracts include FAR 52.245‑1 or DFARS 252.245‑7003, you’re required to maintain a compliant Contractor Property Management System. This system must ensure effective control, accountability, and visibility over government‑furnished and contractor‑acquired property throughout the life of the contract.
To help, we’ve put together a helpful guide titled Contractor Business Systems: Contractor Property Management System. You’ll get insights into the Government Property Management System, referred to as GPMS, the 10 elements of Property Administration, common items included in property manuals, what to expect during a property management system analysis, best practices and process for handling government property, flow-down requirements, common pitfalls and disposal of government property.
Read our full guide to Contractor Business Systems Series: Part 3 — Contractor Property Management System
Cherry Bekaert’s government contracting advisors help contractors design, assess, and strengthen property management systems — providing practical guidance, audit support, and compliance strategies to help you move forward with confidence.
