Extract to table

In such transactions, a novation agreement is almost always required because the government's contractual relationship must be formally transferred from the original contractor to the successor entity

Even where formal novation is not required, the contracting officer must still be notified of the change in ownership, and VPI must submit updated representations and certifications, DFARS 252

This is VPI's sole major subcontract and presents unique novation challenges because the novation process must involve Ironclad as the prime contractor in addition to the NAVSEA contracting officer

1204(e) specifies the documentation that must be submitted to each responsible contracting officer in support of a novation agreement request

3, which governs contractors' purchasing systems and subcontract administration), Ironclad must consent to the change in ownership of its subcontractor

However, the following key points are directly relevant to the novation process and are summarized here: First, VPI must disclose to each of its fourteen (14) contracting officers that it is now owned by a German parent entity, HSAG