Last week I had the opportunity to meet David Hahn the new chairman of the NDIA Small Business Division. David presented his briefing on the plans for the Small Business Division for the coming year. There was also a lively discussion from other small business owners in the meeting as there are definitely some issues that small business owners have in the area of Government Contracting.
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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: