DCAA COMPLIANCE BLOG

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Accelerated Payments to Small Business Contractors

Posted by Mike Anderson on Fri, Feb 21, 2014 @ 11:49 AM

Late last year the Federal Government changed the Federal Acquisition Regulations (FAR) to make mandatory accelerated payments to small business, especially from certain agencies.  This began with policy directives by the Office of Management and Budget (OMB) Memoranda M-12-16, dated July 11, 2012, and M-13-15, dated July 11, 2013.  These policies were incorporated into the FAR on November 25th, 2013.  The new rule requires prime contractors to make accelerated payments to subcontractors and is found in the following FAR clauses:
 

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Topics: FAR, NASA, DoD, Accelerated Payments, Small Business Contractors