In this presentation:
- What is novation and what is required to effectuate such a transaction?
- When are novations necessary and when can they be avoided?
- What impact will a novation have on your small business status?
- What are some main problems that contractors encounter when novating contracts?
- What is the difference between a novation and a change of name agreement?
- What are some of the unwritten rules certain agencies have regarding novations?
- Q&A
- Excerpt from What Is Novation:
- Anti-Assignment Act (41 U.S.C. 15) – prohibits transfer of government contracts
- Policy – government has selected a contractor through the procurement process and that’s who they want to perform
- Novation process provides the exception that allows for the transfer of government contracts
- Permitted when in the “Government’s interest to recognize the proposed successor in interest”
Please see full publication below for more information.
