Tag Archives: performance-based payment

DoD Proposes New Rule on Performance-Based Contract Payments

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The Department of Defense has proposed a new rule to address the use of performance-based payments in contracts, Federal News Network reported Tuesday. According to the report, the proposed rule would subject all fixed-price contracts to performance-based payments to help companies manage their cash flow and reduce compliance and oversight costs.

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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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