The Federal Assignment of Claims outlines how a Government Contractor may assign monies that are due under a Federal Contract. Obtaining an approved Assignment of Claims is a detailed process that the lender operations department has the qualification and experience to navigate through. In addition to an Assignment of Claims, a Contract Modification may need to be obtained as well. Once the above are in place the verification and funding process is quick, typically 24 hours. It is important to work with a financial institution that understands the intricacies of the Federal Assignment of Claims, Contract Modifications, and communicating with Contracting Officers.
There are various Federal Contract Vehicles that the lender’s clients have used to secure work with the Federal Government and Department of Defense to include: IDIQ’s, BOAs, Task Orders, GSA Schedule, ENCORE II, SeaPort-e and DHS Eagle, just to name a few. our lender has experience with multiple contracts allowing us to quickly and efficiently structure our clients a financial solution.
There are a variety of programs and qualifications tailored to small businesses who wish to work with the Federal Government. The below qualifications receive special treatment on certain Federal Contracts: