Does the government ever complete vendor's credit applications ?
No. The Government could be liable for misstatements so it should never do that. It could also appear that by doing so, the Government was endorsing the company, which is also a non-starter.
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You may refer to FAR part 32, Contract financing if the vendor needs financial assistance under the contract. Please take a look at FAR subpart 32.8, Assignment of Claims. Under the Assignment of Claims Act, a contractor may assign moneys due or to become due under a contract if specific conditions are met.