DOD Steps Up Oversight Of Contractor Business Systems

Law360, New York (May 18, 2011, 7:52 PM EDT) -- The U.S. Department of Defense can withhold payments to contractors with faulty business systems under an interim rule issued Wednesday that's effective immediately for new solicitations and revises earlier drafts of the measure to exclude small businesses, among other changes.

Noting one respondent's concerns about the rule's impact on small businesses, the DOD said in a Federal Register notice that efficient business systems should eventually reduce administrative costs for both the government and contractors, but it added that the rule had been revised to exclude small...
To view the full article, register now.