Link to "5-8.15 Novation Agreements" Link to contents for "5 USPS Supplying Practices Process Step 5: Measure and Manage Supply"      Link to "5-8.17 Change-of-Name Agreements"

5-8.16 Assignment of Claims

The supplier may assign money that will be due under a Postal Service contract to a single bank or other financial institution, with the approval of the contracting officer (see paragraph b of Clause 4-1: General Terms and Conditions. Any other attempted assignment may be treated as a breach of contract. contracting officers may approve any authorized assignment that does not jeopardize contract performance. The assignment of claims discussed in this topic does not pertain to assignments ordered by a court or law. The contracting officer should consult with assigned counsel in such cases.




Link to "5-8.15 Novation Agreements" Link to contents for "5 USPS Supplying Practices Process Step 5: Measure and Manage Supply"      Link to "5-8.17 Change-of-Name Agreements"