Earlier this month, the FAR Council took action to extend its existing authority to collect information from government contractors for novation requests with a notice in the Federal Register. While this was a routine action, it is a reminder that the novation process is in need of serious attention. The notice addresses prior public comments
Novation
More Novation Complexity In Gov’t Contracts M&A?
(This article was originally published in Law360 and has been modified for this blog.)
Government contractors undergoing an asset transaction know all too well the peculiarity and uncertainty associated with the transfer of a U.S. government contract through the required novation process. In two recent decisions, the Government Accountability Office considered the impact of such transactions and the novation process on the pursuit of new task orders from the U.S. government, with disappointing results for the affected contractors.
Continue Reading More Novation Complexity In Gov’t Contracts M&A?