QuickPay's Impact On M&A

Law360, New York (November 1, 2011, 11:57 AM EDT) -- On Sept. 14, 2011, President Barack Obama announced the “QuickPay” program, requiring the federal government to pay small businesses as soon as practicable, with a target of 15 days from the receipt of a proper invoice. QuickPay would effectively cut in half the 30-day payment period provided under the Prompt Payment Act, 31 U.S.C. 3901 et seq.

QuickPay benefits all “small business” prime contractors (the Small Business Administration has rules in place to determine if a company qualifies as a “small business”). If you currently own...
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