On April 30, 2019, a long-time exception to the use of the Federal Acquisition Regulation (FAR) clause 52.245-1 was removed. Now, “acquisition value alone…is not an indicator of the criticality or sensitivity of the property.”

In other words, it is no longer an option to use FAR 45.107(d), allowing items below the simplified acquisition threshold (SAT) to be exempt from FAR 52.245-1.

Small government contractors must now comply with property management regulations usually reserved for the largest contractors. Large contractors use high-end enterprise asset management (EAM) systems that small contractors cannot typically afford

Miniaturized enterprise asset management (mEAM)

My Property ID Registry is a U.S. company founded in 2016 to enhance Operation ID—a security system developed by police in 1963, released nationally by the Department of Justice in 1979 and endorsed by the FBI.

My Property ID Registry, using the Federal Acquisition Regulation (FAR), delivers a compliant solution for Defense Federal Acquisition Regulation Supplement (DFARS). Our strategy is a onetime fee based on the number of managed assets. It is a simple, low-cost way for the tiniest defense subcontractors to manage personal government property (GP).

Public information concerning DFARS Case 2015-D035

2019-05-22: National Property Management Association (NPMA)

2019-04-30 Federal Register

2016-12-20 National Defense Industrial Association (NDIA)

2016-10-21 Federal Register

2016-09-16 “Changes in Government Property Reporting”



Enjoyed what you read? Share via: