The Federal Government's Bill Payment Performance Is Good but Should Be Better
FGMSD-78-16
Published: Feb 24, 1978. Publicly Released: Feb 24, 1978.
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Highlights
Many companies doing business with the federal government have complained that its agencies are slow in paying their bills. To determine how well the government does as a bill payer, a sample of 3,263 contractor invoices totaling $34.1 million was analyzed as were responses from 590 contractors concerning the payment performance of federal agencies.
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Billing proceduresContractorsFederal agenciesFinancial managementLate paymentsPrivate sectorData processingImprest fundsBudgetsHealth care finance