Difference between QuickPay and SupplierPay

[vob2]

I say this announcement from 2014 about SupplierPay being modeled on QuickPay

Vibhuti and Harish, have you seen SupplierPay?

It looks like the SupplierPay is the private industry version of QuickPay. Because we use the usaspending.gov contracts, SupplierPay does not affect us directly.

Still, one possibility is to match small companies that work for the government and for private industry. When QuickPay comes online, this affects one group but not the other (directly). SupplierPay balances the scales between government and private contractors and subcontractors

Just thought I should share.

https://obamawhitehouse.archives.gov/blog/2014/07/11/supplierpay-and-quickpay-strengthening-americas-small-businesses#:~:text=SupplierPay%20is%20modeled%20after%20the,of%20paying%20within%2015%20days.&text=Simply%20put%2C%20SupplierPay%20and%20QuickPay,small%20businesses%20get%20paid%20faster.

https://obamawhitehouse.archives.gov/the-press-office/2014/07/11/president-obama-announces-new-partnership-private-sector-strengthen-amer

[vibhuti6]

Hi Vlad, sorry for the slow response. Thanks for sharing this link. I have read about the SupplierPay initiative but I am not entirely clear on how it can be useful for our analysis. My understanding is that SupplierPay applies to a small set of large businesses -- as per the above link, only 26 large private companies committed to pay their small suppliers faster. More importantly, we can not measure the contract outcomes of small companies that do not work for the government. I might be missing something and I will think more about it.

[harishk05]

Hi Vlad, yes, we had seen this a while back but concluded that it was at best a weak commitment and it was not clear if the firms that signed up actually followed up on this commitment. This is also a problem with QuickPay, which is why Barrot and Nanda had to try and dig up the MOCAS data. But it would be a bigger challenge with SupplierPay. Thanks for sharing it. Harish