With reference to Policy Flash 2012-02, Acquisition Guide Chapter 32.1 - Reviewing and Approving Contract Invoices, and OMB Memorandum M-11-32, “Accelerating Payment to Small Businesses for Goods and Services,” established an Executive Branch policy to pay small business invoices as quickly as practicable, with a goal of paying within 15 days. Acquisition Guide Chapter 32.1 – Reviewing and Approving Contract Invoices implements this policy.
See the attachment below with the DOE response to OMB memorandum.
- Attachment - Response to OMB Memorandum M-11-32 Accelerating Payments to Small Businesses for Good and Services
To see Policy Flash 2012-02 and Acquisition Guide Chapter 32.1.