Accelerate Small Business Payments (DFARS Case 2011-D008)

Summary:

DCN 20110427 includes an interim rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to accelerate payments to all small business concerns.

Supplementary Information:

I.  Background

DoD is amending the DFARS to accelerate payments for all small business concerns. Currently, DoD assists small disadvantaged business concerns by paying them as quickly as possible after invoices are received and before the normal payment due dates established in the contract. This interim rule removes the term "disadvantaged" from the language at DFARS 232.903 and DFARS 232.906(a)(ii), thereby extending this payment policy uniformly to all small business concerns.

Dates:

The Effective Date for this interim rule is 27 April 2011.

Comments on the interim rule should be submitted in writing to the address shown below on or before 27 June 2011, to be considered in the formation of the final rule.

Click here to read the entire Federal Register notice for this rule.