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eQuip! for Government Property Management-- Executive Brief
E-ISG Asset Intelligencewww.e-isg.com1-866-845-2416
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• What is asset management solution
• Competitive advantages of eQuip!
• How to buy eQuip!
• About E-ISG Asset Intelligence
Table of Content
• FAR requirements on Government Property Management system
• Current gaps in Government Property Management
• Why eQuip!
• About E-ISG Asset Intelligence
Table of Contents
• FAR 52.245-1 –Government Property
– (f)(1) Contractor plans and systems. Contractors shall establish and implement property management plans, systems, and procedures at the contract, program, site or entity level to enable the following outcomes . . .
Acquisition . .. Property Closeout . . .
– (g)(1) Systems Analysis. The Government shall have access to the contractor’s premises and all Government property, at reasonable times, for the purposes of reviewing . . .the Contractor’s property management plans. . .
• FAR 45.202 –Evaluation procedures– (b) The contracting officer shall ensure the offeror’s property management
plans, methods, practices, or procedures for accounting for property are consistent with the requirements of the solicitation
FAR requirements
Problems in the current system
Labor intensive
Inconsistency
Error prone
“The government and industry’s contractual responsibilities pertaining to accounting,
maintaining… and disposal of government property seems like a mundane subject.
However, it is actually an important issue, and one that is being overlooked as other
concerns get more attention recently.”
-- Michael P. Fischetti, J.D, CPCM, is executive director of the National Contract Management
Association
“Pentagon Holds Back Contractor Funds on Business Systems … amounts held back
include $19M from BAE, $6.2M from Boeing and $1.4 M from Northrop”
-- January 27th, 2014, Bloomberg
eQuip! -- the Solution
Enterprise Asset Management Government Property management
Life cycle management of assetsManage the financial , physical, and
contractual information of assetsTrack assets chain of custody Mobile apps on Android, iOS, and Win
MobileSupport 1D, 2D barcodes, RFID and GPS
tags
Track GFP/GFE/CAP and internal assetsManage multiple projects with multiple
partners Update with the IUID registry, and PCARSSDD 1149 and DD 250 are standard reportsMeet the FAR/DFAR requirements
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Key Benefits
Prevent asset loss, over purchase, or under-utilization
Comply with financial audits and accounting rules: fixed asset inventory audits, Sarbanes-Oxley, grant audits, GASB 34/35
Meet contractual requirements: FAR/DFAR, “Uniform Guidance”
Implement best practices in asset management
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Why eQuip! is Better
Easy to use
Flexible
Low Cost
Competitive AdvantagesIBM Maximo Sunflower
SystemsAssetWORKS AssetSmart A2B Asset
Tracking
Include core features in ONE software package – no separate modules
Easy customization – asset set up, reports, business rules
Easy integration with other software systems – Web APIs, database
Workflow automation
Return on investment
Mobility
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Leading Provider to Gov. Contractors
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eQuip! for Government Property Management-- Executive BriefE-ISG Asset Intelligence
www.e-isg.com1-866-845-2416