Wilson Sonsini - Changes to the Federal Acquisition Regulation (FAR) are forthcoming that will allow small businesses with government prime contracts and subcontracts to get paid on an accelerated basis, within 15 days of invoicing. Four agencies have recently issued memoranda that may authorize changes to existing contracts to allow for these accelerated payments in advance of those regulations. The four agencies are the Department of Health and Human Services (HHS), the Department of Homeland Security (DHS), the Department of the Treasury (Treasury) and the General Services Administration (GSA).
Courts, Boards, & GAO
Trending Now
Protester Claimed Evaluation Unfairly Favored the Awardee, But GAO Found Awardee Submitted Better Proposal • ASBCA Rejects Motion from Contractor’s Receiver, Affirms No Third Party Practice at the Boards • OHA: NAICS Code Should be Diagnostic Imaging, Not Physicians Office • GSA MAS Refresh #31: Key Changes and Updates Every Contractor Should Know • DCSA Launches Mentor-Protege Program to Boost Small Business Participation in Defense Supply Chain
Government Changes Rules to Pay Small Businesses Faster
bleakstar | Shutterstock
Get daily insights on bid protests, CDA claims, and contract litigation that shape the GovCon landscape with our Protests & Claims newsletter, delivering up-to-the-minute intelligence Monday–Saturday — Subscribe here.