Part Five - Notifications
Part Four - In Life Assistance
Part Three - Asset Logging
Part of our new Case Studies series, we are looking at how we have helped our customers over our 40 year history.
Part One - Novations
Corporate A was bidding to win a significant new contract from an incumbent contractor, with the need to continue to use a variety of vehicles already deployed within the service level agreement. The assets were funded with a variety of banks/finance houses over differing periods.
Part of winning the bid required evaluating and novating the existing equipment/finance contracts over to Corporate A to enable the assets to be used for a further period until replaced.
FAF was utilised to liaise with the lessors and ascertain the terms and conditions, negotiate their pricing and transfer and assist legal in agreeing such terms.
Corporate A won the bid and FAF helped manage the novated contracts and helped close the contracts in a timely and efficient manner.