Getting Paid

Now we turn to every business owner's favorite topic: getting paid. After you have delivered, and the government has accepted, the contracted product or service, all you have to do is submit a proper invoice to the billing office specified in your contract. Under law, the government is required to pay you within 30 days.

Warning For all of the conditions and requirements for payment, refer to Federal Acquisition Regulation (FAR) 52.232-25.

For more information, see these topics:

• Prompt Payment and a Proper Invoice
• Interest Penalty
• Government Invoice Form
• Electronic Funds Transfer
• EFT Includes Government Credit Card