The Defense Department has been slowly reimbursing companies for work that is unable to be completed because of the coronavirus.
However, Pentagon acquisition chief Ellen Lord said it may be coming faster in the near future.
Lord told members of the Professional Services Council that DoD sent a policy over to the Office of Management and Budget (OMB) that would push through claims for payments of $2 million or less.
“We have developed a streamlined path forward for low dollar value reimbursements under $2 million, and a path to settle globally at a company or division level that will eliminate the need to have proposals and negotiations on the contract-by-contract basis,” Lord said.
DoD is planning to use a tiered system that will look at claims depending on how large they are and impose varying levels of oversight over them.
Keep reading this article at: https://federalnewsnetwork.com/dod-reporters-notebook-jared-serbu/2020/08/defense-department-working-on-policy-to-pay-back-contractors-faster-for-work-stopped-by-covid/