The DD Form 1662, titled "DoD Property in the Custody of Contractors Report," is a mandatory annual reporting document that contractors and subcontractors must submit to the Department of Defense. Authorized under the Defense Federal Acquisition Regulation Supplement (DFARS) 245.505-14 and approved by the Office of Management and Budget (OMB) under No. 0704-0246, the form captures a complete snapshot of all government-owned property under contractor custody as of September 30, with the completed report due by October 31 each year.
Any contractor or subcontractor that holds Department of Defense property under a government contract must file DD Form 1662 annually. This includes organizations managing government-owned facilities, plant equipment, land, military property, industrial tooling, or special test equipment. A report is required even when no additions or deletions occurred during the year, confirming that unchanged balances are properly accounted for.
Failure to submit an accurate Dd1662 Form on time can expose contractors to penalties under DFARS regulations. Inaccurate reporting may result in contract disputes, audits, and financial liability for any government property that cannot be accounted for. The DoD relies on this form to maintain transparency across its contractor-held asset base, and discrepancies can trigger additional oversight reviews by the Defense Contract Audit Agency.
Contractors holding government property often need additional forms. The subcontractor agreement governs the terms under which subcontractors hold DoD property. You may also use the subcontractor waiver form when releasing contractor obligations tied to specific assets.
| Question | Answer |
|---|---|
| Form Name | Dd1662 Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | sample for form dd1662, dd 1662 fillable form, form dd 1662, dd1662 form |