Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 2 - Defense Acquisition Regulations System, Department of Defense |
SubChapter E - General Contracting Requirements |
Part 232 - Contract Financing |
Subpart 232.9 - Prompt Payment |
§ 232.903 - Responsibilities.
Latest version.
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232.903 Responsibilities.
In accordance with section 852 of the National Defense Authorization Act for Fiscal Year 2019 (Pub. L. 115-232 10 U.S.C. 3801(b), DoD shall assist small business concerns by providing payment as quickly as possible, to the fullest extent permitted by law, with a goal of 15 days after receipt of proper invoices and all required documentation, including acceptance, and before normal payment due dates established in the contract (see 232.906(a)).
[85 FR 19697, Apr. 8, 2020, as amended at 87 FR 76995, Dec. 16, 2022]