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  • Question

    I am looking for relevant FAR or DFAR clauses on bankrupting a contractor. Primarily to use to stop the using service from forcing a SDVOSB from going bankrupt. Anything related to the topic would be helpful. thank you


    Answer

    Unfortunately, this is not a one size fits all question/answer.  The type of contract will be the major factor because the payment terms and/or contractor financing terms will be your guidance, i.e. payment will be different for FFP contracts providing products vice construction contracts that may allow for progress payments.  FAR Part 32, Contract Financing would be a good starting place.  Also, DFARS 232.903 and 232.906(a) which address accelerated payments for small businesses should be helpful. 

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