In one of its earliest moves to shore up cash flow for contractors that may be affected by the COVID-19, the DOD issued a deviation on March 20, 2020, allowed for an increase in progress‑payment rates ...
The Department of Defense continues to issue accelerated payments meant to help defense contractors withstand the impact of the COVID-19 pandemic even after the White House declared the health crisis ...
Regardless of whether a construction project involves millions of dollars and dozens of subs and consultants or has a modest budget and scope, keeping track of progress and payments is a critical, ...
Deputy Secretary of Defense Patrick Shanahan announced on Monday, October 1, 2018, that the U.S. Department of Defense (“Department” or “DoD”) was withdrawing its proposal that would have made ...
WASHINGTON — The Pentagon has ordered contracting officers to increase so-called progress payments to suppliers amid concerns that many small businesses are running out of cash during the COVID-19 ...
The Department of Defense has moved to update the rates of progress payments meant to help defense contractors mitigate the impacts of the COVID-19 pandemic. In March 2020, DOD issued a memo that ...