June 4, 2015 6:28 pm
New changes to the Defense Federal Acquisition Regulation Supplement rules for contractor business systems are now in effect.
Under the new rules, the government can withhold 5 percent of a contractor’s payment if any of the company’s business systems are found to be “deficient” by the Defense Contract Audit Agency.
Brian Waagner, a partner at Husch Blackwell, wrote about the changes and what they mean for contractors in a post on Contractor Perspective.
Waagner joined In Depth with Francis Rose to discuss the DFARS revisions and, in particular, six changes contractors need to know about.
This story is part of Federal News Radio’s daily DoD Report. For more defense news, click here.
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