Untimely payment of small purchase invoices.
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Authors
Knight, Cedric Leroy
Subjects
small purchase
bill paying
Navy standards
bill paying
Navy standards
Advisors
Sneiderman, M.L.
Date of Issue
1982-06
Date
June 1982
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
Over ninety percent of all procurement actions fall into the small
purchase category. The high cost of borrowing money has caused many
vendors to criticize the government for its untimely bill paying of small
purchase invoices. This study was undertaken to determine if untimely
payment of small purchase invoices is a problem for the Department of the
Navy and its suppliers which is adversely impacting the ability to
do business.
The results of this study indicate: Settling billions of dollars in
payments has become an important part of federal procurement. Navy bill
paying functions are handled as part of the Integrated Disbursing and
Accounting (IDA) system concept, when fully implemented IDA will improve
the timeliness of small purchase invoice payments. In spite of difficulties
they are currently experiencing, contractors are optimistic about doing
business with the Navy. The biggest delay in the Navy bill paying cycle
occurs in the certification process. The timeliness of paying small purchase
invoices may be improved by considering two models proposed for
future use.
Type
Thesis
Description
Series/Report No
Department
Administrative Sciences
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.