(Government contracting) A formal agreement under which a contracting authority or government agency recognises the transfer of a contract from the original contractor to a successor entity, typically following a merger, acquisition, asset sale, or corporate reorganisation. In U.S. federal procurement, a novation agreement is normally executed by the Government, the transferor (original contractor), and the transferee (successor contractor). Until a novation is recognised where required, the original contractor generally remains responsible for contract performance.
Novation Agreement
A formal agreement by which the government recognises the transfer of a contract to a successor entity after a merger, acquisition, or reorganisation.
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This session covers how to run proposal review gates that consistently strengthen drafts through structured feedback and resolution tracking.
This session covers how to run proposal review gates that consistently strengthen drafts through structured feedback and resolution tracking.
Stage Gates, now live in VisibleThread's proposal management software, put a checkpoint at every stage boundary on your Tracked Opportunities and Proposals boards. Before a card can move forward, the person moving it has to answer the questions your team defined for that transition. The answers save against the card, permanently.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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