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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