Pentagon releases FAQ on new progress payments guidance

By Tony Bertuca / April 3, 2020 at 10:24 AM

Defense Department acquisition officials have released answers to frequently asked questions about implementing new guidance to increase progress payments to contractors during the COVID-19 crisis.

The FAQ document, signed April 3 by Kim Herrington, the Pentagon's acting principal director of defense pricing and contracting, is available via a new website where DOD has been posting COVID-19-related memos and guidance.

The Pentagon temporarily increased progress payment rates on March 20 after defense contractors voiced concerns about potential cash flow problems in the aftermath of the COVID-19 outbreak.