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26Mar

COVID-19 Update: Department Of Defense Issues Class Deviation, Increasing Certain Progress Payment Ceilings

As most government contractors are aware, progress payments are a form of contract financing in which the Government pays the contractor based on cost throughout performance of the contract, up to a cap dictated by the terms of the contract. On...
By: McCarter & English - Government Contracts &
Source Url: https://www.jdsupra.com/legalnews/covid-19-update-department-of-defense-34736/

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