Contract Financing for Small Business
Abstract
The DoD is trying to increase the number and volume of contracts it awards to small businesses. To enhance prospects, it wants to assure that small businesses are not disadvantaged by its contract financing procedures. DoD policies and practices for evaluating financial capability are effective. Reimbursements are prompt in the vast majority of cases. On fixed-price contracts exceeding four months to first delivery, progress payments shift most of the burden of financing operating capital to the Government. The program is vital and effective.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1981
- Accession Number
- ADA108722
Entities
People
- Paul R. Mcclenon
Organizations
- LMI