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New rule requires larger focus on small business subcontractors

The Small Business Administration issued a final rule to implement the Small Business Jobs Act. It requires prime contractors to report when they do not pay small business contractors on time. Contracting officers also must oversee small business subcontractor performance more closely.

Tags: Small Business Jobs Act , SBA , contracting , Industry , Cogan Schneier ,

Wednesday - 07/17/2013, 04:40pm EDT