FMR

The Financial Management Regulation is the DoD directive establishing financial management policy, including accounting, budgeting, and payment procedures. FMR provisions affect how contractors are paid and how financial transactions are processed.

FMR compliance affects contractor billing, payment processing, and financial reporting interactions with DoD. Understanding FMR requirements helps contractors navigate DoD financial procedures. FMR updates may affect payment timelines, invoice requirements, and cost allowability determinations.