“The General Services Administration, Department of Defense and NASA are aiming to improve data collection processes and the use of information collected around payments made to federal contractors, according to a request for information released this week.
The joint RFI seeks feedback from stakeholders on ways to improve proposed data collection requirements under the Federal Acquisition Regulation part 32, which sets procedures for contract financing and certain payments in federal acquisitions.
The proposed requirements would require contractors to take steps to support electronic payments. Under the proposed requirements, contractors would also be provided with further clarity on what constitutes a ‘proper’ invoice under the FAR, including requests for details like a description of the supplies delivered or services performed, while standardizing the process for those requesting advance payments…” Read the full article here.
Source: Agencies look to streamline payment data collection in contracting – By Chris Riotta, March 22, 2022. FCW.
