Proposed DoD, NASA and GSA Rule – Payments to Small Business Subcontractors Issued
A proposed DoD, NASA and GSA rule ( https://www.federalregister.gov/articles/2016/01/20/2016-00950/federal-acquisition-regulations-far-case-2014-004-payment-of-subcontractors) was issued January 20th requiring prime contractors to notify in writing the contracting officer when payments are made late (greater than 90 days) or at reduced amounts to small business subcontractors.
The proposed rule also covers the acquisition of commercial items and the information reported will be included with ‘other contractor performance information’ and used by the government for past performance evaluation purposes.
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