Prompt Payment Act

GPTKB entity

Statements (61)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:bfsLayer 5
gptkbp:bfsParent gptkb:Miller_Act
gptkbp:affects government contractors
gptkbp:amended_by gptkb:Small_Business_Job_Protection_Act
gptkbp:applies_to federal government contracts
gptkbp:effective_date gptkb:1982
gptkbp:enacted_by gptkb:legislation
gptkbp:enforces gptkb:Office_of_Federal_Procurement_Policy
https://www.w3.org/2000/01/rdf-schema#label Prompt Payment Act
gptkbp:impact cash flow for contractors
gptkbp:includes_provisions_for disputes over payment
gptkbp:is_aimed_at reducing payment delays
gptkbp:is_analyzed_in legal studies
gptkbp:is_challenged_by some government agencies
gptkbp:is_cited_in contract disputes
government reports on procurement.
gptkbp:is_considered a consumer protection law
a key legislation for contractors
a significant reform in procurement policy
gptkbp:is_criticized_for lack of enforcement
complexity of compliance
gptkbp:is_discussed_in legislative hearings
government accountability reports
business law courses
government procurement forums
gptkbp:is_evaluated_by contract compliance audits
contractor satisfaction surveys
federal oversight committees
gptkbp:is_implemented_in federal agencies
gptkbp:is_influenced_by economic conditions
business lobbying efforts
gptkbp:is_informed_by industry best practices
gptkbp:is_linked_to federal budget processes
contractor cash flow issues
timeliness of payments
gptkbp:is_monitored_by gptkb:government_agency
gptkbp:is_part_of federal financial management
government accountability initiatives
federal contracting process
U. S. procurement policy
contract law in the U. S.
federal contracting regulations
gptkbp:is_promoted_by business advocacy groups
gptkbp:is_referenced_in contractor agreements
contractor training materials
gptkbp:is_related_to gptkb:Prompt_Payment_Act_of_1991
construction contracts
payment terms in contracts
gptkbp:is_reviewed_by legal experts
gptkbp:is_subject_to federal regulations
gptkbp:is_supported_by contractor associations
gptkbp:is_used_for a benchmark for state laws
gptkbp:led_to improved payment practices
gptkbp:promotes fair competition
gptkbp:provides_information_on payment terms
gptkbp:purpose to ensure timely payment to contractors
gptkbp:related_to gptkb:Federal_Acquisition_Regulation
gptkbp:reports_to payment practices
gptkbp:requires interest on late payments
gptkbp:supports small businesses