The Pentagon is proposing a new rule which would change how it pays some contractors. The Defense Department is looking to require all fixed price contracts be paid out through performance-based contractual payments. The Defense Acquisition Regulations System said it will reduce oversight and compliance costs for the department. It will also help contractors manage their cash flow, while reducing their oversight and compliance costs, allowing them to focus on technical and schedule progress. Comments on the proposed rule are due by July 1. (Federal Register)
Source: New rule could change how Pentagon pays fixed-price contracts | Federal News Network
Federal contractors welcome civilian and defense rule changes | Federal News Network
Federal contractors are happy to see two procurement rule changes, one for civilian agencies and one
