Pedal to the Metal: GSA Accelerates Accelerated Payments for Small Business Prime Contractors
Wiley Rein – The General Services Administration (GSA) issued a class deviation to allow GSA to provide accelerated payments to small business contractors, with a goal of 15 days after receipt of a proper invoice. With this class deviation, GSA accelerated its own implementation of Section 873 of the National Defense Authorization Act for Fiscal Year 2020 (2020 NDAA), which expands the Federal Acquisition Regulation’s (FAR) provisions for accelerated payments to prime contractors subcontracting with small business concerns to also include prime contractors that are small businesses.
