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FAR formally amended to provide accelerated payments to small subcontractors

For two years, it has been the policy of individual agencies of the federal government to encourage prime contractors, upon receipt of progress payments from an agency, to accelerate payments to small...

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Obama renews initiative ordering agencies to more quickly pay small business...

President Obama will renew a federal initiative that requires agencies to quickly pay small business contractors, a July 11 White House statement says. QuickPay requires agencies to pay small...

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New bill wants to speed up small biz payments

Four House lawmakers have introduced legislation that would shorten the amount of time small business wait to get paid by federal agencies for work done on contract. Under the proposed “Accelerated...

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