PART 24-DISPOSITION OF PERSONAL PROPERTY IN POSSESSION OF CONTRACTORS 24. 101-29 Termination Inventory---- 24. 101-30 Space Property--. 24. 102 Appointment, Duties and Responsibilities of the Plant 2404 2404 2404 2407 2407 2407 Paragraph Subpart 2-Methods of Disposal-Continued 24.202 Contractor-Acquired Property-Purchase or Retention at Cost, or Return to Suppliers.. Page 2408 24.209-2 24.209-3 Special Storage at the Risk of the Contractor.- 2424 Government___ 2424 24.210 [Reserved]_ 2425 24.211-5 Documents Required for Review Board Action. 2427 24.211-6 Review Board Records... 2427 24.301-13 DD Form 1642, Inventory Verification Survey. 2431 structions in Preparing Inventory Schedules 2431 24.301-16 DD Form 1637, Notice of Acceptance of In Paragraph Subpart 3-Forms, Instructions, and Reports—Continued Page 24.302 Instructions__ 2431 24.302-1 Instructions for Performing Inventory Verifi- 2432 2434 2435 24.302-6 Instructions for Preparing Standard Form 120, 2436 --- 24.302-7 [Reserved]----- 2436 24.302-8 General Sales Terms and Conditions and Spe- 2436 2441 PART 24 DISPOSITION OF PERSONAL PROPERTY IN POSSESSION OF CONTRACTORS 24.000 Scope and Applicability of Part. This Part establishes uniform policies and procedures relating to the reporting, redistribution, and disposal of property which forms the basis of a claim against the Government, and other excess property when title is vested in the Government (see 24.101-5). This Part is not applicable to the disposal of real property or to property where the Government has a lien or title solely as a result of advance or progress payments when such payments have been liquidated. When plant clearance is delegated to the Department of Defense or to another Federal agency in accordance with the provisions of Part 51, Subpart 3, only those provisions of this Part 24 pertaining to the redistribution, utilization screening and functional management responsibilities will be applicable. 24.001 Policy. It is the policy of NASA, notwithstanding the absence of any contractual provision relating to a plant clearance period, to effect plant clearance of property to which this Part applies as quickly as possible, consistent with efficient operation. Disposition shall be effected with the view of achieving maximum economic reutilization of excess property or of obtaining the greatest possible return on the sale or other disposition of surplus property. Subpart 1-General 24.101 Definitions. As used in this Part, the following terms have the meaning stated below. 24.101-1 Automatic Release Date (ARD) means the date on which screening for Federal utilization is completed and the property is determined not to be needed for any Federal use. The date signifies the transition from excess to surplus, but does not include the donation screening period. 24.101-2 Common item means material which is common in nature to the applicable Government contract and the contractor's other work. 24.101-3 Contract auditor means the auditor assigned the responsibility for performing financial reviews and analyses requiring access to the contractor's records supporting cost data. 24.101-4 Contractor-acquired property means property procured or otherwise provided by the contractor for the performance of a contract, whether or not the Government has title by the terms of the contract, or exercises its contractual right to take title. 24.101-5 Contract inventory means: (i) any property acquired by and in the possession of a contractor or subcontractor (including Government-furnished property) under a contract pursuant to the terms of which title is vested in the Government, and in excess of the amounts needed to complete full performance under the entire contract; and (ii) any property which the Government is obligated to or has an option to take over under any type of contract as a result either of any changes in the specifications or plans thereunder or of the |