What constitutes Government-furnished property?

Government-furnished property refers specifically to property that the government provides to a contractor for the purpose of performing a contract. This includes items such as equipment, materials, and facilities that the contractor needs to fulfill their obligations under the terms of a contract. The key aspect of this definition is that the property must be delivered to the contractor specifically for contract performance, ensuring that it is used for government purposes within the context of the contract.

This type of property is essential because it helps contractors execute their work efficiently, often reducing their overhead costs and speeding up the project timeline. Additionally, the government retains ownership of this property, and there are often specific regulations governing how it must be managed by the contractor, including maintenance and return protocols.

In contrast, the other options do not fit the definition of government-furnished property. Property acquired for future contracts may not be available or designated for current project use, special tooling acquired by the contractor is owned by the contractor and is not provided by the government, and while any property owned by the government is contextually broader, it does not specifically denote property that is delivered to contractors for contract performance. Therefore, the most accurate representation of government-furnished property is the property delivered to the contractor for contract performance.