DOD readies contractor financing changes following new study

By Tony Bertuca / April 10, 2023 at 4:45 PM
The Pentagon is preparing to move out on policy recommendations governing how defense contractors are paid, including revising progress payment rates for large companies that were made more generous at the onset of the COVID-19 pandemic, according to a long-awaited financing study released today. Pentagon acquisition chief Bill LaPlante noted in a statement that the comprehensive “ Contract Finance Study ” was the first undertaking of its kind in more than 35 years and that he intends to implement its...

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