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Showing results for tags 'Faca Assignment of claims act'.
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I work for a company that finances receivables and have been noticing a tremndous resistance from Contracting Officers when discussing the Assignment of Claims Act with them on behalf of my clients many have told me they will not accept an assignment of claims at all. Many of the clients involved are primarly 8A small businesses who specialise in government contracting and are in a situation where they are refraining from going after new business because of the cash crunch involved in ramping up on a new contract. My corporate council has gone over FACA and has researched it and wants to take a very aggrssive stance that I don't agree with because as a third party I don't want to jeapordize a potential clients relationship with their contracting officer. This leaves us in a catch 22 as the client needs the financing, and we want to do it yet without the assignment we are unable finance the receivable at all. Does anyone have any suggestions for a good way to work with this so everyone including the Contracting Officers needs are met ? Our problem is we need to secure our interest in the dbt and I am also looking at other ways to deal with this. I am thinking a joint venture or teaming agreement where our role is financing and receivable mangement might work if the government would award a contract to an entity set up that way.. I have seen a lot of great information on these forums and any and all input is greatly appreciated
