B-202254 L/M: May 19, 1981

THE PURPOSE OF A MILESTONE BILLING ARRANGEMENT IS TO ALLEVIATE INORDINATELY HIGH CONTRACTOR FINANCING THAT WOULD OTHERWISE RESULT BY LIMITING PAYMENTS TO CUSTOMARY PROGRESS PAYMENTS IN THE PERFORMANCE OF A DEFENSE CONTRACT WITH EXCEPTIONALLY LONG LEAD TIME BETWEEN INITIATION OF CONTRACT PERFORMANCE AND COMMENCEMENT OF DELIVERIES OF CONTRACT END ITEMS. THE STATED OBJECTIVE OF THE PROPOSED CHANGES I...