A year after aborted progress payments proposal, DOD to launch new contract financing review

By Tony Bertuca  
November 11, 2019 at 5:00 AM
The Defense Department is preparing to review its decades-old policy for paying contractors, including a look at how potential changes might impact the profits of defense companies. Pentagon spokesman Lt. Col. Mike Andrews told Inside Defense the upcoming review is “in the final planning stages.” The assessment follows a DOD proposal in 2018 to reduce the progress payment rate of 80% to 50%, while establishing performance-based metrics that could increase the payment rate. The defense industry mobilized to block...

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