Government Furnished Property: Management and Accounting.

This thesis assesses property management in Department of Defense DOD contract administration activities. A brief history of property administration and events which have led to criticism of DOD management and accounting is presented. Acquisition strategy is reviewed to provide perspective and rationale for the use of Government furnished property GFP. Data was collected from seven contract administration activities through visits and interviews with Property Management Specialists. The conclusions provide assessments of the system, regulations, organization, and staffing for the management and accounting of GFP. Evidence reveals low risk for contractor, low organizational visibility for property management and critical shortage of staffing. Recommendations include a balanced sharing of risk between Government and contractor and a more career enhancing organizational structuring of the property management function within contract administration activities.