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New FAR rule would permanently require prompt payments to small subs

The Federal Acquisition Regulations Council's proposal would implement part of a July 2012 memo from the Office of Management and Budget. The memo directed agencies to take specific steps to ensure accelerated payments to small businesses.

Tags: acquisition , Acquisition policy , OMB , FAR Council , industry , small business , Jason Miller

Thursday - 12/20/2012, 02:16pm EST

OMB redoubles call for prompt payments to small subs

Acting Director Jeff Zients asks SBA and the FAR Council to create a proposed rule to change the acquisition regulations calling for prime contractors to pay small subcontractors more quickly.

Tags: Contracting , industry , OMB , Jeff Zients , SBA , Small business contracting , Jason Miller

Friday - 07/13/2012, 02:54pm EDT