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If a contractor receives government-furnished property (GFP), which of these occurs? a. The contractor becomes subject to the requirements of DFARS 252.242-7002, Cost Estimating System
If a contractor receives government-furnished property (GFP), which of these occurs? a. The contractor becomes subject to the requirements of DFARS 252.242-7002, Cost Estimating System Requirements, as it must now estimate the cost of GFP. b. The contractor automatically becomes covered by the cost accounting standards c. The contractor must maintain an approved property system and be monitored by a government property representative d. The contractor has to disclose their property procedures to the government GFP representative, but no monitoring or approvals are required
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