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Current as of January 02, 2025 | Updated by Findlaw Staff
When the quantity of property received doesn't agree with that approved by GSA on the SF 123, the transferee should handle the overage or shortage as follows:
|
If . . . |
And . . . |
Then . . . |
|---|---|---|
|
(a) More property is received than was approved by GSA for transfer |
The known or estimated acquisition cost of the line item(s) involved is $500 or more |
Submit a SF 123 for the difference to GSA (Identify the property as an overage and include the original transfer order number.) 1 |
|
(b) Less property is received than was approved by GSA for transfer |
The acquisition cost of the missing item(s) is $500 or more |
Submit a shortage report to GSA, with a copy to the holding agency.1 |
|
(c) The known or estimated acquisition cost of the property is less than $500 |
Annotate on your receiving and inventory records, a description of the property, its known or estimated acquisition cost, and the name of the holding agency. |
1 Submit the SF 123 or shortage report to the GSA approving office within 30 calendar days of the date of transfer.
Cite this article: FindLaw.com - Code of Federal Regulations Title 41. Public Contracts and Property Management § 41.102–37.70 How should a transferee account for the receipt of a larger or smaller number of items than approved by GSA on the SF 123? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-41-public-contracts-and-property-management/cfr-sect-41-102-37-70/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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