GOVCON SDVOSB Contract Assignment in Change of Ownership

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by a searcher from Dartmouth College - Tuck School of Business at Dartmouth
in New York, NY, USA

1yr ago

GOVCON SDVOSB Contract Assignment in Change of Ownership

Hi everyone, my partner and I are service-disable veterans with a GOVCON SDVOSB under LOI. We are in early stages of diligence on the contracts and wondering the level of risk associated with the assignment of contracts to us (the buyer) from the seller in a change of ownership. We are conducting a stock purchase, so it is our understanding that a novation agreement is not necessary, but we may be required to submit a written request to the responsible contracting officer for each contract to recognize us as the successor in interests to its contracts.

Does anyone have experience with this? What level or risk is there that the contracting officer does not accept the transfer?

Also, we would love to chat with anyone here that has purchased an SDVOSB. We are curious to learn about any nuances with the SDVOSB change of ownership and recertification that we should be aware of.

1 Like

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reply by a searcher 1yr ago
from University of Houston in Helotes, TX, USA

A more thorough answer to your question: from big to little. All of the necessary registrations have a change in control notice of some sort inside them. Just follow the steps and you’ll be fine there.

Depending on who the customer is, (the government or some prime or down tier supplier) the contract, MSA, or whatever your DO is based on will have some section that spells out notification requirements.

In my mind your only risk for this is:

1. Are either of you a felon of some sort that would otherwise make the government not do business with you.

2. Can you meet the requirements for the SBA to certify you SDVOSB.

The above is obviously just my 2 cents from not knowing your rating, the business you have, or really anything else about you.

reply by an investor 1yr ago
in Marco Island, FL 34145, USA

I have a lot of experience in the SDVOSB world having had that designation myself. I would definitely make sure each contracting officer will accept the change of ownership. If you have any questions or would like to talk, let me know.