Payment/Funding
Required Expertise. A contractor's ability to receive payment in a prompt manner is critical to contract performance and economic health. As a result, Crowell & Moring government contracts lawyers have developed expertise in contract payment and funding issues.
The Issues. Contractors are typically paid based upon completion or partial completion of their work, and financing may be provided in the form of progress payments or advance payments. The Federal Acquisition Streamlining Act added provisions for performance based payments for certain contracts.
In this setting, we frequently counsel or litigate matters involving:
- Anti-Deficiency Act requirements
- Limitation of Cost and Limitation of Funds restrictions
- Prompt payment
- Suspension or reduction of progress payments
- Setoffs
- Electronic funds transfers
- Judgment fund payments