Regulations last checked for updates: Nov 25, 2024

Title 48 - Federal Acquisition Regulations System last revised: Nov 15, 2024
232.903 - 232.903 Responsibilities.

In accordance with 10 U.S.C. 3801(b), DoD shall assist small business concerns by providing payment as quickly as possible, to the fullest extent permitted by law, with a goal of 15 days after receipt of proper invoices and all required documentation, including acceptance, and before normal payment due dates established in the contract (see 232.906(a)).

[85 FR 19697, Apr. 8, 2020, as amended at 87 FR 76995, Dec. 16, 2022]
authority: 41 U.S.C. 1303 and 48 CFR chapter 1
source: 56 FR 36409, July 31, 1991, unless otherwise noted.
cite as: 48 CFR 232.903