53.242
Contract administration
SF 30 is the mandatory form for documenting novation and change-of-name agreements in federal contract administration.
Overview
FAR 53.242 addresses the use of Standard Form 30 (SF 30) for contract administration actions specifically related to novation and change-of-name agreements. This section prescribes that SF 30 is the required form for documenting and executing these types of contract modifications. Novation agreements are used when a contractor transfers its obligations to another entity (such as through a merger or acquisition), while change-of-name agreements are used when a contractor changes its legal name. The use of SF 30 ensures consistency, legal sufficiency, and proper documentation in the federal contracting process.
Key Rules
- Use of SF 30 for Novation Agreements
- SF 30 must be used to formalize novation agreements when a contractor transfers its contractual rights and obligations to another party.
- Use of SF 30 for Change-of-Name Agreements
- SF 30 is also required for documenting change-of-name agreements when a contractor changes its legal name but remains the same legal entity.
Responsibilities
- Contracting Officers: Must use SF 30 to execute and document novation and change-of-name agreements, ensuring all legal and procedural requirements are met.
- Contractors: Must provide necessary documentation and information to support novation or name change requests.
- Agencies: Must maintain accurate contract records and ensure proper use of prescribed forms.
Practical Implications
- This section ensures that all contract modifications involving novation or name changes are properly documented and legally enforceable.
- It impacts daily contracting by standardizing the process and reducing administrative errors.
- Common pitfalls include failing to use the correct form or incomplete documentation, which can delay contract administration actions.