OMB Extends Small Business Accelerated Payment Policy

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, ā€œWhat 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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