SBA Proposes Faster Payments and Simplified Reporting

Schwabe – The Small Business Administration published proposed amendments to 13 CFR § 125.3 that would affect small business subcontracting. Their goal is to accelerate payments to small business subcontractors and simplify the reporting process for prime contracts. The numerous amendments would operate as follows:

Source:

• Schwabe, Williamson & Wyatt, P.C.: SBA Proposes Faster Payments and Simplified Reporting