Sequestration Hinders DOD Quickpay Plan
February 25, 2013
Defense officials announced they are ending their own temporary efforts to accelerate payments to all prime contractors, according to a Feb. 25 Federal Register notice.
Sequestration is the cause.
"Yes, this is a direct result of the budget uncertainty DOD is facing with sequestration and the continuing resolution," a DOD spokeswoman said Feb. 25.
Joe Jordan, administrator of the Office of Federal Procurement Policy, said Feb. 25 that it's "unfortunate but understandable" based on DOD's budgetary unknowns.
Jordan, a long-time small business advocate, said OFPP would work with DOD to maximize contracting opportunities for small companies. Unfortunately, he said, "there is no amount of planning that will spare these innovative and entrepreneurial members of our government supply chain from the potentially devastating impacts that these across-the-board cuts will cause.”