Effective January 11, 2017 theĀ Office of Management and BudgetĀ (OMB) has extended the policy to provide accelerated payment to Small Business and Small Business Subcontractors.Ā 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 receiptĀ of proper invoicing.Ā For more information or toĀ view the memorandum click hereĀ .
Ilene Giles is a GSA schedules expert that has helped thousands of businesses increase their bottom lineĀ with a GSA schedule.Ā Get her FREE CD, āWhat You Need To Know Before Applying For A GSA scheduleā or contact her today for a FREE consultation at GSAProposalMaven.com/meet-Ilene.Ā
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