DOD Issues Notice that it has Discontinued Accelerated Payments to Contractors

April 9, 2013

DOD Issues Notice that it has Discontinued Accelerated Payments to Contractors

On February 25, 2013, the Department of Defense (DOD) issued a notice that it has discontinued its temporary practice of providing contractors with accelerated payments. DOD had been accelerating payments to prime contractors in accordance with a temporary policy that the Office of Management and Budget announced in July 2012. This policy was intended to speed up payments to small business prime and subcontractors. The discontinuance of accelerated payments became effective February 25, 2013. (78 Fed. Reg. 12745, 2/25/2013.)

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