Federal Register #2026-13903

Notice of Prompt Payment Interest Rate under the Contract Disputes Act

This notice from the Bureau of the Fiscal Service, U.S. Department of the Treasury, provides updated information regarding the prompt payment interest rate for late government payments under the Contract Disputes Act and the Prompt Payment Act. - Government Buyer: - Bureau of the Fiscal Service, U.S. Department of the Treasury - No OEMs or vendors are mentioned - No products or services are being requested or procured - Key Details: - Announces the applicable interest rate for late payments to business concerns - Interest rate set at 4-3/4 percent per annum for the specified period - Applies to late payments for property or services already acquired by government agencies - Unique Requirements: - Notice is informational and pertains to financial penalties for late payments, not a procurement opportunity

Description

This notice announces the prompt payment interest rate for the period beginning July 1, 2026, and ending on December 31, 2026. The interest rate is set at 4-3/4 percent per annum. The notice is issued under the Contract Disputes Act and applies to interest payments on late payments by agencies to business concerns. It specifies the rate at which interest shall be computed for interest payments under the Act and the Prompt Payment Act.

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