- Payment of Subcontractors
SMALL BUSINESS ADMINISTRATION
- Final Rule Adopted for Uniform Administrative Requirements and More
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Payment of Subcontractors
DOD, GSA, and NASA are proposing to amend the Federal Acquisition Regulation to implement the section of the Small Business Jobs Act of 2010 that requires contractors to notify the contracting officer, in writing, if the contractor pays a reduced price to a small business subcontractor, or if the contractor’s payment to a small business contractor is more than 90 days past due, 81 CFR 3087. Comments are due by March 21, 2016.
Final Rule Adopted for Uniform Administrative Requirements and More
The U.S. Small Business Administration (SBA) adopt as a final rule—with one change—a joint interim final rule published with the Office of Management and Budget (OMB) for all federal award-making agencies that implemented guidance on uniform administrative requirements, cost principles, and audit requirements for federal awards (Uniform Guidance). This rule is necessary to incorporate into regulation and thus bring into effect the uniform huidance as required by OMB for the SBA, 81 CFR 1115. This rule is effective February 10, 2016.