Payment delays have long plagued the construction industry, collectively costing construction companies an astronomical $273 billion in 2023 alone, according to a report from Rabbet. As that report ...

The Department of Defense continues to issue accelerated payments meant to help defense contractors withstand the impact of the COVID-19 pandemic even after the White House declared the health crisis ...

Customers of Duke Energy Progress are fired up about another issue – delays in when payments are posted. It wasn't the customer's fault, yet it triggered late fees. WRAL’s 5 On Your Side received ...

In one of its earliest moves to shore up cash flow for contractors that may be affected by the COVID-19, the DOD issued a deviation on March 20, 2020, allowed for an increase in progress‑payment rates ...

The Department of Defense has moved to update the rates of progress payments meant to help defense contractors mitigate the impacts of the COVID-19 pandemic. In March 2020, DOD issued a memo that ...