Accelerated Payments to Small Business Subcontractors FAR Rule in Effect

As of Dec. 26, 2013, a new clause will be added to all new direct-federal solicitations requiring prime contractors to make accelerated payments to small business subcontractors upon receiving an accelerated payment from the federal government. Prime contractors are required to flow down flow down the clause in subcontracts with other small businesses. To view the final rule issued by the Federal Acquisition Regulation (FAR) Council establishing this new clause, click here. For more information, please contact Jimmy Christianson at (703) 837-5325 or christiansonj@agc.org.