The course objective is to provide foundational knowledge, training and skill development on the placement and administration of contract property with special attention given to the administration of the Contractor’s Property Management System for contract property, the disposal of contract property, as well as the identification of risks inherent in such placement. Students explore pertinent Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), DFARS Procedures, Guidance and Information (PGI), DoD instructions and manuals, as well as other relevant regulations/guidance. The course takes students through the contract formation process, identification of specific contract document content pertaining to contract property, administration requirements such as contract receipt and review, contractor procedure reviews, property loss investigation and disposal processes.