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H.R. 2594

Small Business Payment for Performance Act of 2017

Small Business Payment for Performance Act of 2017

This bill amends the Small Business Act to allow a small business performing a construction contract awarded by a federal agency to submit a request for an equitable adjustment to the agency's contracting officer if such officer directs a change in the terms of the contract performance without the agreement of the small business.

The agency must provide to the small business an interim partial payment of at least 50% of the estimated amount required to cover additional costs resulting from such change. Such small business shall pay to a first tier subcontractor or supplier the portion of such payment that is attributable to the increased costs of performance incurred by such subcontractor or supplier due to such change.

Ordered to be Reported (Amended).

Rep. Fitzpatrick, Brian K. [R-PA-8](R-PA)Sponsor
5 cosponsors3 D2 R
5cosponsors1committees5actions3subjects
  1. Committee

    Ordered to be Reported (Amended).

    Small Business Committee
  2. Committee

    Committee Consideration and Mark-up Session Held.

    Small Business Committee
  3. IntroReferralH11100

    Referred to the House Committee on Small Business.

    Small Business Committee
  4. IntroReferralIntro-H

    Introduced in House

  5. IntroReferral1000

    Introduced in House

Small Business Payment for Performance Act of 2017 — Informed