Small Biz Pay Rules Get Three-Year Lifeline
Published Date: 4/2/2025
Notice
Summary
The DoD, GSA, and NASA want to keep collecting info on indirect cost rates, payments to small business subcontractors, and bankruptcy alerts for three more years. This affects contractors and small businesses working with the government, helping keep payments fair and clear. They’re asking for your thoughts before the current approval ends on July 31, 2025.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Indirect Cost Rate Filing Continues
If you are a government contractor, DoD, GSA, and NASA plan to keep collecting indirect cost rate proposals and have asked OMB to extend approval for three years beyond July 31, 2025 (i.e., through July 31, 2028). You may need to keep submitting these cost proposals and can comment on the paperwork burden during the public comment period.
Reporting on Subcontractor Payments Stays
If you are a prime contractor or a small business subcontractor, the agencies will continue collecting information about payments to small business subcontractors and have asked OMB to extend approval for three years beyond July 31, 2025. The collection is intended to help keep payments fair and clear, and the agencies are asking for public comments on burden and ways to reduce it.
Bankruptcy Notification Reporting Continues
If you are a government contractor or subcontractor, DoD, GSA, and NASA plan to continue collecting bankruptcy notifications and have proposed that OMB extend approval for three years beyond July 31, 2025 (through July 31, 2028). The agencies invited public comment on the necessity, burden, and clarity of this information collection.
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