Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.832.904-70 Determining payment due dates for small businesses

Pursuant to Office of Management and Budget Memorandum M–11–32, Accelerating Payments to Small Businesses for Goods and Services, contracting officers shall, to the full extent permitted by law, make payments to small business contractors as soon as practicable, with the goal of making payments within 15 days of receipt of a proper invoice and confirmation that the goods and services have been received and accepted by the Federal Government.