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US HR2344

US HR2344
Small Business Payment for Performance Act of 2019


summary

Introduced
04/18/2019
In Committee
04/18/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Small Business Act to provide interim partial payment to small business contractors that request an equitable adjustment due to a change in the terms of a construction contract, and for other purposes. This bill allows a small business performing a construction contract awarded by a federal agency to request an equitable adjustment if the agency's contracting officer directs a change in the contract's performance without the agreement of the small business. The agency must provide the small business with an interim partial payment to cover additional costs resulting from such a change, and the small business must pay a first tier subcontractor or supplier the portion of the partial payment that is attributable to additional costs incurred due to the change.

AI Summary

This bill, the Small Business Payment for Performance Act of 2019, amends the Small Business Act to allow small businesses performing a federal construction contract to request an equitable adjustment if the contracting officer directs a change in the contract's terms without the small business's agreement. The agency must then provide the small business with an interim partial payment to cover the additional costs resulting from the change. The small business must then pay the portion of the interim payment that covers increased costs to any first-tier subcontractors or suppliers. This bill aims to provide financial relief to small businesses facing changes to their construction contracts that were not agreed upon.

Committee Categories

Business and Industry

Sponsors (26)

Last Action

Referred to the House Committee on Small Business. (on 04/18/2019)

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