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FAR and DFARS › FAR Part 45: Government Property › Subpart 45.6

FAR 45.605 Inventory disposal reports.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This section requires the plant clearance officer to prepare an SF 1424, Inventory Disposal Report, after property on an inventory disposal schedule is disposed of and any proceeds are credited. The report must identify lost or unaccounted-for property and any changes in quantity or value made by the contractor after the initial schedule was submitted. It matters because it documents the final disposition of government property and any discrepancies.

Applies to: Plant clearance officers handling inventory disposal

What it requires

  • Prepare an SF 1424, Inventory Disposal Report, promptly after disposition and crediting of proceeds
  • Identify any lost or otherwise unaccounted for property in the report
  • Identify any changes in quantity or value made by the contractor after the initial inventory disposal schedule
  • Provide the report to the administrative contracting officer or, for termination inventory, to the termination contracting officer, with a copy to the property administrator

Key terms: SF 1424 · Inventory Disposal Report · inventory disposal schedule · plant clearance officer · termination inventory

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

The plant clearance officer shall promptly prepare an SF 1424, Inventory Disposal Report, following disposition of the property identified on an inventory disposal schedule and the crediting of any related proceeds. The report shall identify any lost or otherwise unaccounted for property and any changes in quantity or value of the property made by the contractor after submission of the initial inventory disposal schedule. The report shall be provided to the administrative contracting officer or, for termination inventory, to the termination contracting officer, with a copy to the property administrator.

Sections that refer to it

← 45.604-4 Sale of property pursuant to the exchange/sale authority. · 45.606 Contractor scrap procedures. →

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

FAR 45.605 Inventory disposal reports · SpendQuery