Prompt pay interest rate

      The Treasury Dept. announced that the prompt payment interest rate for the period that began on Jan. 1, 2023 and will end on June 30, 2023 is 4 5/8% per year, up from 4% for the previous six months. That is the interest rate allowed for late payments to federal contractors under the Contract Disputes Act.

More information:
FedRegister Notice: https://bit.ly/3K6h4C0

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