FAR 52.232-23 Assignment of Claims
Clause Federal Acquisition Regulation May 2014 version
Facts
- Citation
- FAR 52.232-23
- Type
- Clause
- Current version
- May 2014
- Prescribed in
- FAR 32.806(a)(1)
- Alternates
- Alternate I
- Last amended
- 79 FR 24192 Effective May 29, 2014
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this clause.
Text
As prescribed in 32.806(a)(1), insert the following clause:
Assignment of Claims (May 2014)
(a) The Contractor, under the Assignment of Claims Act, as amended, 31 U.S.C.3727, 41 U.S.C.6305 (hereafter referred to as "the Act"), may assign its rights to be paid amounts due or to become due as a result of the performance of this contract to a bank, trust company, or other financing institution, including any Federal lending agency. The assignee under such an assignment may thereafter further assign or reassign its right under the original assignment to any type of financing institution described in the preceding sentence.
(b) Any assignment or reassignment authorized under the Act and this clause shall cover all unpaid amounts payable under this contract, and shall not be made to more than one party, except that an assignment or reassignment may be made to one party as agent or trustee for two or more parties participating in the financing of this contract.
(c) The Contractor shall not furnish or disclose to any assignee under this contract any classified document (including this contract) or information related to work under this contract until the Contracting Officer authorizes such action in writing.
(End of clause)
Alternate I (Apr 1984)
Alternate I (Apr 1984). If a no-setoff commitment is to be included in the contract (see 32.801 and 32.803(d)), add the following sentence at the end of paragraph (a) of the basic clause:
Unless otherwise stated in this contract, payments to an assignee of any amounts due or to become due under this contract shall not, to the extent specified in the Act, be subject to reduction or setoff.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Positive Law Codification of Title 41 |
Quick answers
What is FAR 52.232-23?
FAR 52.232-23 is a clause of the Federal Acquisition Regulation, titled "Assignment of Claims".
What is the current version of FAR 52.232-23?
The current version is dated May 2014.
Where is FAR 52.232-23 prescribed?
It is prescribed in FAR 32.806(a)(1), Contract clauses.
When was FAR 52.232-23 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Positive Law Codification of Title 41" (79 FR 24192), published Apr 29, 2014 and effective May 29, 2014.
Are changes to FAR 52.232-23 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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