Is it Time to Revisit the FAR’s Novation Process?
December 2012Service Contractor
It has been 15 years since the novation process outlined in the Federal Acquisition Regulation (FAR) was last revised. Those revisions were prompted by the American Bar Association Public Contract Law Section’s 1995 request that the government ease novation requirements, and came at a time of increasing consolidation within the defense industry. The last several years have seen a continued trend of mergers and acquisitions involving government contractors, in many cases, increasing the need to novate contracts, or change the name of contractors in connection with an acquisition.
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