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Lessons From COVID-19
July 1, 2020 | Self Help
[caption id="attachment_934" align="aligncenter" width="660"] Photo by cottonbro from Pexels[/caption] There's a quote I like from the first Indian first prime minister of India, Jawaharlal Nehru. He said, “Crises and deadlocks when they occur have at least this advantage, that they force us to think.” During the past few months, this quote has been on my mind as we’ve all been forced to think a little differently. While my focus has certainly been on all the individuals and families whose lives are being disrupted through the catastrophic health effects of the coronavirus pandemic, I also know it’s affecting even those of us…
MYTH: Providing goods and services to the government means you have to wait forever to get paid.
FACT: Many government contracts are subject to the Prompt Payment Act which was enacted to ensure the federal government makes timely payments. Bills are to be paid within 30 days after receipt and acceptance of goods/services or after receipt of an invoice whichever is last. If a timely payment is not made, interest should be automatically paid.
