OMB Extends Small Business Accelerated Payment Policy

//OMB Extends Small Business Accelerated Payment Policy

OMB Extends Small Business Accelerated Payment Policy

Effective January 11, 2017 the Office of Management and Budget (OMB) has extended the policy to provide accelerated payment to Small Business and Small Business Subcontractors.  In a memorandum sent from Shaun Donovan the policy has been extended until December 31, 2017.

This policy was implemented in 2011 under Memorandum M-11-32 was issued instructing federal agencies to accelerate payments to small business prime contractors within a 15 day timeframe after receipt of proper invoicing.  For more information or to  view the memorandum click here .

Ilene Giles is a GSA schedules expert that has helped thousands of businesses increase their bottom line with a GSA schedule.  Get her FREE CD, “What You Need To Know Before Applying For A GSA schedule” or contact her today for a FREE consultation at GSAProposalMaven.com/meet-Ilene. 

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By | 2017-06-29T13:44:34+00:00 June 27th, 2017|Uncategorized|0 Comments

About the Author:

Ilene has dedicated over twenty years to federal contracts and is the author of, "Road to Business Growth in the GSA Program" Ilene is known for working with vendors who struggle with GSA contracts and its processes. She is a former GSA contract specialist who has helped over five hundred vendors worldwide in winning federal business with a GSA schedule, contact Ilene for a free consultation

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