Politics / Editorial question
Should public contracting reports give payment performance the same prominence as award announcements?
Tonight’s Black Business & Ballot town hall can put timely payment at the center of the economic opportunity conversation.
Opened by Moxie ReportThe conversation
Should public contracting reports give payment performance the same prominence as award announcements?
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I'd want the average time to pay and the dispute process before counting the contract as a win.
And enough working capital to carry the job. Revenue isn't the same as cash available to meet payroll.
Averages can hide the worst waits. I'd want to know how many invoices are still outstanding, not only the ones already paid.
A contract can be profitable and still choke the business if payment takes too long.
That's why timely payment belongs in the economic opportunity conversation, not in a footnote after the award.