IND 205 Contract Government Property Management Systems and Auditing Concepts
This classroom (CLRM) course provides an educational setting to apply and analyze foundational knowledge gained in IND 105 and experiential on-the-job learning in order for the journeyman to identify factors that help determine the adequacy of a Contractor’s Property Management System. Emphasis is given to fundamental auditing concepts. Course lessons will include material that will allow students to: determine how to select the sample size for a given population; determine how to evaluate the sample and generalize to the population; analyze the essentials required for a Property Management System audit; prepare the worksheets (i.e. spreadsheets) and narratives involved with a Property Management System Audit; determine the requirements for the disposal of contract inventory; analyze a property management case study including background information, solutions, alternative solutions, and documentation. Other course modules explore how and when the Government may take title to property under a contract; analyze the appropriate Government property and related clauses that need to be included in a contract; examine a liability court case involving Government property subject to contract risk-of-loss clausal provisions; analyze the regulatory requirements for possible contract conflicts; and examine the factors that will impact risk (high, moderate, low) within a Contractor’s Property Management System.

Download Course Objectives
Target Attendees
Industrial Property Management Specialists and Industrial Property Clearance Specialists or those individuals assigned duties relative to the administration of Government contract property that will involve Property Management System audit responsibilities including approval/disapproval of such contractor management systems.
  • IND 105 Contract Property Fundamentals
See "Notes" section of this course's concept card for recommended prerequisites.
Predecessor Course(s)
Predecessor Predecessor Course Title PDS Code Expires On
None None None None
Course Length
9.5 class days
Additional Course Information
Delivery Mode Classroom
Equivalent Courses  None
Availability All
Walk-ins Authorized  Yes
Pre-work required   No
First Offering  8/1/2013
ACE Recommended Credits  EXPIRED
Continuous Education Units  5.6
Continuous Learning Points 56 
Reservist Retirement Points 0  
Historical Allocations Mouse Over for Past CEU/CLPs
Fulfillment Eligible   N/A
Technical Requirements Click Here
Recommended Prerequisites:
  • CLE 040 IUID Marking
  • CLM 037 Physical Inventories
  • CON 0510 Managing Government Property in the Possession of Contractors
  • Foreign National Students will need to contact their Country Program Manager (CPM) who will coordinate with the Security Assistance Training Field Activity (SATFA). For additional information, please send an email to [email protected].
Additional Information:
  • It is recommended that students have 1 year of property management experience after completing IND 105
  • Students must achieve 80% or 80 points out of a possible 100 points to successfully complete this course.
  • The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).