Look Before You Lend: A Lender’s Guide to Financing Government Contracts Pursuant to the Assignment of Claims Act

Authors

Heidi Mandanis Schooner, The Catholic University of America, Columbus School of LawFollow
Steven L. Schooner

Document Type

Article

Publication Date

1993

Abstract

This Article briefly summarizes the origin of the Assignment of Claims Act, discusses the lender's ability to obtain a valid assignment of moneys due or to become due under a government contract (but not the numerous other assignment issues that a government contracts practitioner might confront), analyzes the priorities of competing claims against the government for payment of government receivables, and describes the procedure for asserting a claim against the government for payment.

Recommended Citation

Heidi Mandanis Schooner & Steven L. Schooner, Look Before You Lend: A Lender’s Guide to Financing Government Contracts Pursuant to the Assignment of Claims Act, 48 BUS. LAW. 535 (1993).