Congress shortens timeline for DoD to pay small contractors
May 6, 201912:27 pm
< a min read
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As part of this year’s Defense Authorization Bill, Congress told the Defense Department to speed up its payments to small contractors. The new deadline is 15 days. And a piece of newly-introduced legislation would make that timeline the rule across the rest of the government, down from the current 30-day benchmark. Alan Chvotkin, executive vice president at the Professional Services Council, joined Federal Drive with Tom Temin to talk about what the accelerated payments would mean for contractors.