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Council proposes procurement office and advance payments to speed nonprofit contracts
Summary
Council members introduced bills to create an Office of Contract Services as a chief procurement office, require corrective action when agencies register large numbers of late contracts, and mandate 50% advance payments to nonprofit contractors (with specified exclusions) to address chronic late payments to nonprofits.
Council members proposed a set of procurement and contracting reforms aimed at reducing chronic late payments to nonprofit contractors and improving citywide procurement oversight.
Intro 12-49a would require agencies to submit annual reports on contract registrations and to submit corrective action plans if an agency registered 250 or more contracts or $25 million in contracts in the prior fiscal year and more…
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