The development and implementation of the prompt payment act Senate Bill 1131
Hall, Kennard Ray
Sutton, Bobby Leon, Jr.
Bergquist, John R.
Boger, Dan C.
MetadataShow full item record
The enactment of Public Law 97-177 is considered a most effective directive for improving the Government's bill paying practices. This study, undertaken to investigate the need for such legislation and to analyze procedures established to implement the law, indicate the law has the potential for improving the Government bill paying reputation. Additionally, business concerns will be assisted in improving cash-flow problems generated by the slow bill paying practices of the Government. Problems inherent in the implementation of this law are: reconciling prompt bill payment with Federal cash management practices; ensuring contract funds are not channeled into nonproductive interest payment; reducing the administrative burden created to monitor bill payment and interest penalty payment; assigning responsibility for late payments and funding of interest payments .
Approved for public release; distribution is unlimited
Showing items related by title, author, creator and subject.
Smith, Daniel J. (Monterey, California. Naval Postgraduate School, 1993-06);Electronic payment methods are rapidly changing the way in which invoices are paid, displacing the traditional paper check method Electronic payments can provide a secure, rapid, accurate, and cost effective means for ...
A case study of Magnavox as a model for Process Oriented Contract Administration Services (PROCAS) implementation Dollase, Steve. (Monterey, California. Naval Postgraduate School, 1995-12);This thesis examines the implementation of the Process Oriented Contract Administration Services (PROCAS) program at Magnavox Electronic Systems Company in Fort Wayne, Indiana, one of the seven pilot sites for the program. ...
Rendon, Rene G. (Emerald Group Publishing Limited, 2015);Purpose – The purpose of this paper is to present the results of contract management process maturity assessments in the US Navy using a process capability maturity model. The maturity model is used to benchmark an ...