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FAR and DFARS › FAR Part 53: Forms › Subpart 53.2

FAR 53.245 Government property.

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 lists the specific forms contractors must use when reporting, reusing, disposing of, or accounting for Government property. It matters because using the wrong form can cause delays or rejection of property reports and disposal actions.

Applies to: Contractors handling Government property

What it requires

  • Use SF 120 and SF 120-A for reporting excess personal property
  • Use SF 126 and SF 126-A for reporting personal property for sale
  • Use SF 1423 for inventory verification surveys
  • Use SF 1424 for inventory disposal reports

Key terms: Report of Excess Personal Property · Report of Personal Property for Sale · Inventory Verification Survey · Inventory Disposal Report · Inventory Disposal Schedule

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

The text

The following forms are prescribed, as specified in this section, for use in reporting, reutilization, and disposal of Government property and in accounting for this property:

(a) SF 120 (GSA), Report of Excess Personal Property, and SF 120-A (GSA), Continuation Sheet (Report of Excess Personal Property). See 45.602-3 and 41 CFR 102-36.215.)

(b) SF 126 (GSA), Report of Personal Property for Sale, and SF 126-A (GSA), Report of Personal Property for Sale (Continuation Sheet). See FPMR 101-45.303 (41 CFR 101-45.303.))

(c) SF 1423 (Rev. 5/04), Inventory Verification Survey. (See 45.602-1(b)(1).)

(d) SF 1424 (Rev. 5/04), Inventory Disposal Report (See 45.605). SF 1424 is authorized for local reproduction.

(e) SF 1428 (Rev. 6/2007), Inventory Disposal Schedule, and SF 1429 (Rev. 5/04), Inventory Disposal Schedule—Continuation Sheet. (See 45.602-1, 49.303-2, 52.245-1), and 53.249(b).) SF's 1428 and 1429 are authorized for local reproduction.

Sections it refers to

  • 45.602-3 Screening.
  • 36.215 Special procedures for cost-reimbursement contracts for construction.
  • 45.303 Use of Government property on independent research and development programs.
  • 45.602-1 Inventory disposal schedules.
  • 45.605 Inventory disposal reports.
  • 49.303-2 Submission of inventory disposal schedules.
  • 52.245-1 Government Property.
  • 53.249 Termination of contracts.

← 53.244 [Reserved] · 53.246 [Reserved] →

Rule changes for FAR Part 53

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

FAR 53.245 Government property · SpendQuery