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DOD Aims To Improve Tracking Of Late Contract Payments

By Dietrich Knauth (June 27, 2012, 8:39 PM EDT) -- The U.S. Department of Defense is trying to improve its monitoring of late payment penalties it has paid under commercial contracts, but still relies on incomplete and inaccurate data in tracking contracts subject to the Prompt Payment Act, according to a U.S. Government Accountability Office report Tuesday....

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