DOD Contractors Face Expanded Property Reporting Rules

Law360, New York (October 19, 2011, 3:30 PM EDT) -- The U.S. Department of Defense on Wednesday proposed expanding reporting requirements for contractors using government-furnished property, to the chagrin of some who worry the new rule could be burdensome.

According to a Federal Register notice, the DOD would revise a current requirement that contractors report to the agency only equipment, special tooling and special test equipment worth at least $5,000 along with items they are contractually obligated to report.

The proposed rule would do away with the $5,000 threshold and require reporting of individually tracked government...
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