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Managing Government Property
October 6 @ 9:00 am - 4:00 pm$595
Managing Government Property
Concentrated training on the requirements for managing Government owned property (acquired property and furnished property) to ensure contractor and Government personnel will effectively manage the Property lifecycle per regulations and contractual requirements. This training will also include key points that will assist in resolving Property Management business system issues prior to occurrence. Includes point-by-point training on:
- Authority. Including allowability, allocability, and reasonableness
- Types of Government Property
- Item Unique Identification and other reporting requirements
- Self-assessments and Metrics
- Contractor obligations and Government responsibilities
- Property provided to Subcontractors
- Use of commercial practices, voluntary consensus standards or industry standards
- Understanding ownership and title on acquired property
Upon completion of this course, the participant should:
- Know the concepts of US Government Property stewardship
- Understand the nature and intent of the US Government Property clause
- Know approaches used by DCMA to determine risk/vulnerability, and audit scope
- Know the techniques, expectations, and outcomes used by DCMA to audit specific aspects of the Property System including those related to:
- Use of Government Property
- Government-Furnished Property
- Contractor plans and
- Receipt of government furnished property and contractor acquired property
- Physical Inventory
- Subcontractor control
- Relief of stewardship responsibility and liability
- Utilizing Government property
- Property closeout
- Systems analysis
- Contractor inventory disposal
- Know strategies for avoiding or minimizing the effect of adverse Property audit findings
Continuing Education Credits
5.5 CLE/ .55 CEU/ 6.5 CPE (Finance) credits may be earned for this course. This course is recommended for 8 CLP credits.
This course has been approved for CLE in CA, PA, VA and TX. Because this activity has been approved in another CLE jurisdiction, you may also receive credit for participation in AK, AZ, AR, CO, FL, HI, IL, ME, MT, NJ, NY, ND, and WI (additional state requirements may apply). If you are seeking CLE credits for a jurisdiction other than the ones listed above, please contact us for additional information.
This course can be submitted to Project Management Institute (PMI) for PDU. Upon their approval, it may be worth 5.5 PDU credits.
The Public Contracting Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.