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Contractors haven't submitted invoices yet, partly because no money is available. But DoD says the bill to repay vendors for their employees' paid leave will run into the double-digit billion dollar range.
Sen. Elizabeth Warren is concerned funds won't make it to the subcontractors who need it most.
The Pentagon told its contracting officers and contract administrators to boost the amount of money it pays vendors in the form of progress payments as one way to increase their cash flow amidst a sagging economy.
Small defense businesses are laying off employees, but they may have an opportunity to grow with DoD.
In today's Federal Newscast, a supplies command center has been established by the Postal Service, to help its employees get masks, gloves, hand sanitizer and other coronavirus supplies.
The Pentagon says major acquisition programs will be set back by three months.
The Pentagon plans to announce new contracts under the Defense Production Act to increase the domestic supply of critical N95 respirators over the next three months.
Government contractors are changing the way they are communicating with their clients and seeking more details for how to continue to meet mission needs.
The Defense Department signed its agreement with the CMMC Accreditation Board, kicking off the training for third-party assessors and the release of the necessary documents to help vendors prepare to meet the standards.
In today's Federal Newscast, the Defense Department gets so many requests for medical equipment, it set up a special task force just to deal with them.
DoD is trying to keep companies afloat as it calls on them for Defense Production Act needs.
The Office Management and Budget released FAQs for agencies and contractors to deal with coronavirus while DoD released a memo detailing what essential vendors mean for them.
The Defense Department has set up a daily call with associations representing its vendors to take stock of how the coronavirus is impacting its industrial base while the White House has activated a 1950 law to give agencies procurement priority.
Vendors are waiting for the Defense Department to release more details, including the proposed acquisition rule, about how it will apply the new Cybersecurity Maturity Model Certification starting this year.