Month: October 2011

Acquisitions Savings Reform Act: Coming down the pipe

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10/24/2011Lowenstein, Neil S.

Recent legislation was introduced by two republican (Brown and Collins) and one independent (Lieberman) to “reform” acquisitions to “save” time and money. Among other things, the proposed legislation forces contractors to submit for final payment within 60 days of completion for firm fixed priced contracts, and allows contracting officer to unilaterally closeout contracts without final… Read more »

Federal Prompt Payment Act Doesn’t Give Cause of Action to Subcontractors

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10/07/2011Lowenstein, Neil S.

In its recent decision in United States for the use and benefit of IES Commercial Inc. v. The Continental Insurance Co., D.D.C., No. 11-0985, 9/30/11, the U.S. District Court for the District of Columbia held that the Federal Prompt Payment Act (PPA) does not provide plaintiffs with a private right of action. It therefore dismissed… Read more »