[Federal Register Volume 78, Number 37 (Monday, February 25, 2013)]
[Notices]
[Pages 12745-12746]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-04394]


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DEPARTMENT OF DEFENSE

Defense Acquisition Regulations System


Accelerated Payments to Small Business Subcontractors

AGENCY: Defense Acquisition Regulations System, Department of Defense 
(DoD).

ACTION: Notice.

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SUMMARY: DoD has discontinued its temporary practice of providing 
accelerated payments to all contractors.

DATES: Effective date: February 25, 2013.

FOR FURTHER INFORMATION CONTACT: Ms. Lee Renna, telephone 571-372-6095.

SUPPLEMENTARY INFORMATION:

A. Background

    DoD provided notice in the Federal Register at 77 FR 63298, on 
October 16, 2012, that it had taken steps to accelerate payments to all 
DoD prime contractors, in order to implement the temporary policy 
established in OMB Memorandum M-12-16, Providing Prompt Payment to 
Small Business Subcontractors (July 11, 2012).
    DoD has now discontinued the temporary practice of accelerating 
payments to all prime contractors. This action does not affect DoD's 
policy to assist small business prime contractors by paying them as 
quickly as possible after receipt of an invoice and all proper 
documentation, while also maintaining necessary DoD internal controls. 
The Department plans to continue phased implementation of the policy at 
Defense Federal Acquisition Regulation Supplement 232.903 and 232.906.


[[Page 12746]]


    Authority:  41 U.S.C. 1303.

Manuel Quinones,
Editor, Defense Acquisition Regulations System.
[FR Doc. 2013-04394 Filed 2-22-13; 8:45 am]
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