Government Furnished Equipment (GFE) refers to equipment that is owned by the government and provided to a recipient, typically under a cooperative agreement. This includes items that the government has either acquired directly or procured with government funds. GFE is often considered a non-cash contribution by the government, which can affect the financial arrangements of the agreement.
Government Furnished Equipment is primarily used in the context of cooperative agreements between the government and commercial entities. This term is relevant in areas such as contract law and procurement. Users may encounter GFE in various legal documents and agreements, and they can manage related forms using resources like US Legal Forms, which offers templates drafted by legal professionals.
Here are a couple of examples of abatement:
For instance, a company that partners with NASA to develop a new satellite may receive specialized equipment from the government to assist in their project. This equipment would be classified as Government Furnished Equipment. (hypothetical example)
Pursuant to 14 CFR 1274.103, Government Furnished Equipment is defined and regulated within the framework of cooperative agreements with commercial firms. This regulation outlines the expectations and responsibilities related to GFE.
| Term | Definition | Key Differences |
|---|---|---|
| Government Furnished Equipment | Equipment provided by the government to a recipient. | Specifically refers to items owned by the government. |
| Contractor Acquired Equipment | Equipment purchased by a contractor for project use. | Ownership lies with the contractor, not the government. |
If you are involved in a cooperative agreement that includes Government Furnished Equipment, ensure you understand your obligations regarding the use and maintenance of the equipment. Consider using US Legal Forms to access templates that can help you navigate these agreements. If the situation is complex, consulting a legal professional may be beneficial.
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