Federal Accounting Regulation (PPA) Prompt Payment Act
The US Federal Prompt Payment Act (PPA) protects all tiers of contractors, subcontractors, and suppliers from late payments on federally-funded construction projects. It provides a timeline of when payments will be released to the prime contractor, subcontractors, and suppliers, respectively. Federal Acquisition Regulation (FAR) subpart 32.9 implements the statutory requirements concerning required documentation for invoice and acceptance, the establishment of payment due dates, and the payment of late payment interest penalties after the due date established under the Prompt Payment Act.
31 USC Ch. 39: PROMPT PAYMENTFrom Title 31—MONEY AND FINANCESUBTITLE III—FINANCIAL MANAGEMENT
Fidelity to Ethics
Emdrive, LLC has demonstrated and defensible ethics and integrity with legal and ethical accounting practices in accordance with the (FAR) Federal Accounting Regulations, specifically 31 USC Ch. 39: PROMPT PAYMENT From Title 31—MONEY AND FINANCESUBTITLE III—FINANCIAL MANAGEMENT
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