flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Changes to FAR terms proposed

Changes to FAR terms proposed


By Staff | August 11, 2010

The Federal Register has published a proposal to strengthen prompt pay provisions of the Federal Acquisition Regulation (FAR). The proposal would ensure that subcontractors receive their progress payments in full on government projects for work properly performed before additional disbursements are made to the prime contractor.

Instances have been reported in which a prime contractor reports to the government that "payment" has been made to the subcontractor, but instead the contractor only pays some of the funds owed to the subcontractor. The FAR does not specify that "full payment" must be made. This would be changed.

The deadline for public comment is Dec. 17.

boombox1
boombox2
native1
halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021