Clause
52.237-5 Payment by Contractor to Government.
(a) The Contractor shall receive title to all property to be dismantled, demolished, or removed under this contract and not specifically designated in the Schedule as being retained by the Government. The title shall vest in the Contractor immediately upon the Government's issuing the notice of award, or if a performance bond is to be furnished, upon the Government's issuing a notice to proceed with the work. The Government shall not be responsible for the condition of, or any loss or damage to, the property.
- Type: Clause (C)
- Prescribed in: 37.304(b)
- Effective: Apr 1984
- Primary source: eCFR 48 CFR 52.237-5 · acquisition.gov
Text excerpt from the eCFR API; read the full clause at the eCFR link above.