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Policy Flash 2012-2

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 is revised to implement this policy.

  • Attachment 1 - Acquisition Guide Chapter 32.1, Reviewing and Approving Contractor Invoices (updated October 2011)
  • Attachment 2 - Memo from OMB M-11-32, Accelerating Payment to Small Businesses for Goods and Services