Accelerating Payment to Small Businesses for Goods and Services

With reference to Policy Flash 2012-02, Acquisition Guide Chapter 32.1 - Reviewing and Approving Contract Invoices, and OMB Memorandum M-11-32, "Accelerating Payment to Small Businesses for Goods and Services," established an Executive Branch policy to...

Office of Management

April 14, 2016
Estimated Read Time   min

With reference to Policy Flash 2012-02, Acquisition Guide Chapter 32.1 - Reviewing and Approving Contract Invoices, and OMB Memorandum M-11-32, "Accelerating Payment to Small Businesses for Goods and Services," established an Executive Branch policy to pay small business invoices as quickly as practicable, with a goal of paying within 15 days. Acquisition Guide Chapter 32.1 – Reviewing and Approving Contract Invoices implements this policy. See the attachment with the DOE response to OMB memorandum.