Government Furnished Equipment(GFE)
Equipment provided by the government to the contractor for use in contract performance.
Overview
Government Furnished Equipment (GFE) is property the government provides to the contractor under the contract. The contractor uses GFE to perform the work but does not own it. Proper use, care, and return are contractually required.
Why It Matters in GovCon
GFE reduces contractor capital requirements but imposes accountability. Contractors must track GFE, use it only for contract purposes, and return or dispose of it per contract terms. Loss or damage can result in liability.
Key Details
- Property Clause: FAR 52.245-1 (or alternate) governs government property.
- Accountability: Contractors maintain property records and submit reports.
- Care and Use: Contractors must protect and maintain GFE.
- GFE vs. GFP: GFE is a subset of Government Furnished Property (GFP); GFP includes materials and facilities.
Related Terms
- Government Furnished Property (GFP)
- Government Property
- FAR 52.245
- Contractor Acquired Property
More Contracts Terms
A simplified method of filling anticipated repetitive needs for supplies or services by establishing charge accounts with qualified vendors.
A numbered item in a contract that identifies a specific deliverable, service, or unit of work along with its quantity and price.
A contract type where the government reimburses the contractor for allowable costs plus a predetermined fixed fee representing profit.
An order placed against an existing contract for the delivery of supplies or materials.
A contract type where the price is set at award and does not change regardless of the contractor's actual costs, placing maximum risk on the contractor.
Long-term government-wide contracts with commercial firms that provide federal agencies access to products and services at pre-negotiated prices.
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