Assignment of Claims: A Contractor's Step-by-Step Guide

The statutory mechanism for pledging a federal receivable, at 31 U.S.C. § 3727 and 41 U.S.C. § 6305, with the process at FAR Subpart 32.8 and the clause at FAR 52.232-23. Most commercial lenders have never executed one, and the distinction between a lender who has and a lender who hasn't is the whole financing decision.