Long Name |
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Interest Penalties Paid Commercial Payments |
Description |
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This metric tracks payments of interest penalties to contractors and vendors as a measure of how promptly DoD pays its bills. Avoidance of interest penalties indicates effective internal controls and efficient processes, allowing funding to stay focused on intended priority requirements. |
Parent Measure (1) |
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Procure to Pay |
Child Measure(s) (0) |
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Metric Driver(s) (1) |
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Accuracy |
Metric Calculation |
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Rate - $ of interest penalties paid / $ of millions For capitalized activities, data sources include interest paid on:
1) Commercial invoices (subject to the Prompt Payment Act (PPA)) processed through a commercial pay entitlement system, excluding invoices specifically identified in 2-5 below;
2) Transportation bills associated with processing of transportation requests, government bills of lading (GBL) (including those with commercial bills of lading attached) and meal tickets when the bill is paid. Interests paid on commercial bills of lading without a GBL attached are counted as a commercial invoice;
3) DoD government purchase cards (e.g., IMPACT/CARE, CITIDIRECT (P3Card) and APCS). These figures will not be included in commercial, transportation, PowerTrack, or travel card data;
4) Corporate business account travel card invoices paid via the various vendor pay systems only on the Corporate BANK of AMERICA VISA credit cards. These figures will not be included in DoD government purchase cards, commercial or transportation data; and
5) PowerTrack payments made to U.S. Bank via the PowerTrack System.
DFAS will also act as a pass-through for reporting non-capitalized Component data. Contact the DFAS advocate for specific source data information. |
Measure Type(s) (1) |
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Performance Measure |
Metric Frequency Type(s) (1) |
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Monthly |
Desired Effect(s) (1) |
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Interest Penalties Paid Commercial Payments |
Project(s) (0) |
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E2E L1(s) and or Process(es) (2) |
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Budget-to-Report : Manage Disbursements Procure-to-Pay : Manage Disbursements
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Operational Activity(ies) (0) |
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