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Loss of Government Property


Unintended, unforeseen or accidental loss, damage, or destruction of Government property that reduces the Government's expected economic benefits of the property. Loss of Government property does not include occurrences such as purposeful destructive testing, obsolescence, normal wear and tear, or manufacturing defects. Loss of Government property includes, but is not limited to:

  • Items that cannot be found after a reasonable search;
  • Theft;
  • Damage resulting in unexpected harm to property requiring repair to restore the item to usable condition; or
  • Destruction resulting from incidents that render the item useless for its intended purpose or beyond economical repair.
No items have been linked to this term.
  • Administration
  • Finance

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