DoD, GSA, and NASA Issue Proposed Rule to Amend FAR: Payment of Subcontractors

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The Department of Defense (DoD), General Services (GSA), and National Aeronautics and Space Administration (NASA) issued a proposed rule to amend the Federal Acquisition Regulation (FAR) to implement a section of the Small Business Jobs Act of 2010. The proposed rule will require contractors to notify the contracting officer in writing if the contractor pays a reduced price to a small business subcontractor, or if the contractor’s payment to a small business contractor is more than 90 days past due, 81 Fed. Reg. 3087.

The proposed rule also amends FAR 42.1503(h) to require contracting officers to report to FAPIIS …read more

Read more here:: Government Contracting

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