Tag Archives: Payments

Jeff Belkin and Tony Balloon Quoted in General Counsel News on New OMB E-Voicing Mandate

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On February 18, Jeff Belkin and Tony Balloon were quoted in General Counsel News regarding a new mandate from the Office of Management and Budget requiring that all billing and invoicing from government contractors and federal agencies be electronic. They advise government contractors and payment service providers to prepare and implement clear, practical methods of e-payments based on the new mandate. To learn more about Belkin’s and Balloon’s comments, see “Federal Mandate on E-Voicing & Government Contract Compliance.” [...]Read more

Proposed Rule Requires Prime Contractor to Report Late or Reduced Payments to Small Business Subcontractors

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On January 20, 2016, the Department of Defense, General Services Administration, and NASA issued a proposed rule to amend the FAR and implement a section of the Small Business Jobs Act of 2010. This proposed rule, which will implement Section 1334 of the Small Business Jobs Act of 2010 and the Small Business Administration’s (SBA) implementation of Section 1334, requires that, among other things, a prime contractor (1) notify the contracting officer, in writing, if the contractor makes a reduced or untimely payment to a small business subcontractor; and (2) disclose the reasons for the reduced [...]Read more