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picture1_Agreement Contract Sample 201304 | Novation Of Contracts Procedure


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File: Agreement Contract Sample 201304 | Novation Of Contracts Procedure
novation of contracts procedure the operators request for novation of contract form must be completed by the novator the incumbent operator the form asks for reasons for the request the ...

icon picture PDF Filetype PDF | Posted on 10 Feb 2023 | 2 years ago
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                 Novation of contracts procedure 
                 The Operators Request for Novation of Contract form must be completed by the 
                 novator (the incumbent operator). The form asks for reasons for the request, the 
                 financial status of the novator, details of contract(s) to be novated, and the details of 
                 the novatee (the operator to whom the contract(s) is to be novated) and requested 
                 date for the novation to take place 
                 The Novation of Contract form will then have to be completed by the novatee (the 
                 operator wishing to take over the contract(s)). The form asks the novatee for their 
                 company information, financial status and contract details, and to confirm that they 
                 will take over the assignment at the current rate, abiding by the same terms and 
                 conditions 
                 Both parties are required to obtain a Letter of Compliance from HMRC 
                 The novatee must have satisfied the requirements of the Council to be eligible to 
                 tender for services through the Framework Agreement.  
                 The novatee must have the appropriate licenses to operate the contract and up to 
                 date insurances 
                 We strongly recommend the operator wishing to novate their contracts speaks to a 
                 member of the Contract Management Team, to discuss their intentions and reasons 
                 for novating their contract(s) 
                 The novator will remain liable for and entitled to obligations and revenues accruing 
                 before the novation date and that the novatee will only be liable for and entitled to 
                 obligations and revenues in respect of services deliverable after the novation date. 
                  
                 Please find the links below to the forms that will need to be completed by the novator 
                 and the novatee with regards to a novation: 
                        Operator request for novation (Form to be completed by The Novator) 
                        Operator novation of contract  (Form to be completed by The Novatee) 
                  
                  
                  
                 Completed forms should be emailed to the Contract Management Team, who will 
                 consider the request and advise both operators of its decision and the next steps, if 
                 any.  
                 Essex County Council reserves the right to refuse the request to novate. 
                 HMRC Letter of Compliance: Requests must be submitted in writing to HMRC, there 
                 is no charge but there is 4-6 week turnaround on these requests. 
                 In the request include: 
                        PAYE reference number 
                        Employer Business Name 
                        Contact Name 
                        Contact Number 
                   
                 Write to:  
                 HMRC 
                 Customer Operations Employer Office 
                 BP4009 
                 Chillingham House 
                 Benton Park View 
                 Newcastle Upon Tyne 
                 NE98 1ZZ 
                 Requests can be submitted by fax to 0191 225 6677  
                  
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