Marine Corps Performance under the Prompt Payment Act.

Abstract

The Prompt Payment Act (P.L. 97-177) went into effect on 1 October 1982. This Act required Federal agencies to automatically pay an interest penalty to vendors on late payments. This thesis is an examination of the Marine Corps bill paying performance under the provisions of the Prompt Payment Act from 1 October 1982 through 31 March 1984. Only those invoices that are subject to the Prompt Payment Act will be examined, with special attention paid to early and late payments. From the data accumulated by this study it was determined that early payments by Marine Corps payment centers have been significantly reduced, while the problem of late payments due to invoice documentation delays still exists. Author keywords include: Prompt Payment Act; Paying performance.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1984
Accession Number
ADA150766

Entities

People

  • R. J. Meckel

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • California
  • Classification
  • Congress
  • Contracts
  • Control Systems
  • Department Of Defense
  • Government (Foreign)
  • Governments
  • Law
  • Literature Surveys
  • Marine Corps
  • Military Exercises
  • Postal Service
  • Schools
  • Security
  • Standards
  • United States

Readers

  • Government Contracting/Procurement.
  • Government and Public Administration Law.