Tag Archives: contractor payment

GAO: DoD Failed to Conduct Regular Contractor Payment Policy Assessments

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The Government Accountability Office released a report on Thursday detailing how that the Department of Defense has failed to regularly assess the impact of its contract financing policies to industry since 1985. GAO analyzed DoD’s progress payments, which are based on costs the contractor incurred, as well as its performance-based payments as part of the study.

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Patrick Shanahan: DoD Rescinds Contractor Payment Proposal

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The Defense Department has decided to withdraw its proposed rule to regulate payments to contractors based on performance, Defense News reported Monday. “Recently, proposed amendments to the Defense Federal Acquisition Regulation Supplement (DFARS) were prematurely released, absent full coordination,” Deputy Defense Secretary Patrick Shanahan wrote in a statement obtained by the publication.

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