What does a Government Furnished Equipment (GFE) asset include?

Government Furnished Equipment (GFE) refers to any equipment that is owned or leased by the government and provided to a contractor for use in the performance of a contract. This definition encompasses a broad range of assets including machinery, tools, and other tangible items that are necessary for carrying out specific tasks under a contract with the government. GFE is essential in ensuring contractors have the necessary resources to meet contractual obligations and achieve project goals effectively.

Other options do not fit the definition of GFE. Privately owned equipment and intellectual property created by contractors do not involve government ownership or direct leasing arrangements. Software developed by the government is a subset of GFE but does not encompass all forms of equipment. Therefore, the focus on equipment owned or leased by the government captures the full spectrum of what GFE entails.