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)
MyPropertyID is a U.S. company founded in 2016 to resurrect Operation ID—a security system developed by police in 1963, released nationally by the Department of Justice in 1979 and endorsed by the FBI.
MyPropertyID, using the Federal Acquisition Regulation (FAR), delivers a Defense Federal Acquisition Regulation Supplement (DFARS)-compliant solution for a onetime fee based on the number of managed assets. It is a simple, low-cost way to manage government furnished property (GFP).
Public information concerning DFARS Case 2015-D035
2016-09-16 “Changes in Government Property Reporting”
2016-10-21 Federal Register
2016-12-20 National Defense Industrial Association (NDIA)
2019-04-30 Federal Register
2019-05-22: National Property Management Association (NPMA)