Tag Archives: prime contractor

Incoming Administration Expected to Support Small Businesses With $400B Procurement Effort

Federal Contracting

Contracting opportunities for minority-owned and small businesses are likely to increase under the administration of President-elect Joe Biden given his campaign’s proposed $400 billion procurement effort. The Biden campaign’s website says the $400 billion plan seeks “to support small businesses and tackle inequities in the federal contracting system,” by expanding the Small Business Administration’s (SBA) 8(a) development program. 

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Sen. Elizabeth Warren Wants Pentagon to Shed Light on Increased Progress Payment Rates

Sen. Elizabeth Warre

Sen. Elizabeth Warren (D-Mass.) has asked the Department of Defense (DoD) to answer some questions about the increased progress payment rates for contractors. DoD released a memo in March that increases the progress payment rates to 90 percent for large businesses and to 95 percent for small businesses in an effort to ensure cash flow into the industrial base during the coronavirus pandemic.

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USAF Continues LRSO Development With Raytheon Technologies as Sole-Source Contractor; Maj. Gen. Shaun Morris, Wes Kremer Quoted

usaf-continues-lrso-development-with-raytheon-technologies-as-sole-source-contractor-maj-gen-shaun-morris-wes-kremer-quoted

The U.S. Air Force has announced that the service branch will continue the Long-Range Standoff (LRSO) Weapon’s development with Raytheon Technologies as a sole-source contractor, the Air Force reported on Monday.  

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GSA Issues Memo on Accelerated Payments to Small Business Contractors, Subcontractors

gsa-issues-memo-on-accelerated-payments-to-small-business-contractors-subcontractors

The General Services Administration has cleared a class deviation from the Federal Acquisition Regulation to allow accelerated payments to small business contractors and subcontractors and comply with a provision of the fiscal 2020 National Defense Authorization Act.

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