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Prompt Payment


More about accelerated payments

When should an agency pay early?

Agencies should pay vendors early after getting a proper invoice if it is in the best interest of the government and any one of these is true:

  • the invoice is under $2,500
  • the payment is to a small business
  • the payment is related to an emergency, disaster, or military deployment

Quick Links

  • Prompt Payment final rule (5 CFR Part 1315)
    Text version
    PDF version
  • Federal Acquisition Regulation 52.232-25
    (clauses related to prompt payments)
  • FAR EFT Final Rule: (3/4/99); published by DoD, GSA, and NASA
    The Federal Acquisition Regulation (FAR) Electronic Funds Transfer (EFT) final rule addresses the use of electronic funds transfer for federal contract payments and provides for the collection of banking information from vendors.

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