Contracting officer

What it means in a deal

When dealing with government contracts, the contracting officer is the person who must acknowledge an assignment of claims under FACA. Your lender will need to communicate directly with this officer to ensure the assignment is properly recorded, securing the loan's collateral.

Related terms

• Federal Assignment of Claims Act
• Government contracts
• Disbursing officer

Common questions about Contracting officer

• What is the role of an SBA Business Development Officer (BDO) in my loan process?
• What specific factors trigger affiliation for size standards based on common management, officers, or directors?
• How are common officers or shared key employees between businesses evaluated for affiliation under SBA size standards?
• Beyond common officers/directors, how does a lender assess affiliation through "shared key employee functions" for SBA size standards?
• What specific scenarios involving shared directors, officers, or key employees constitute 'common management' triggering affiliation for SBA size determination?