Interview with IDN’s Monica Hayes, Part 3: Barriers and Misconceptions

July 13, 2022 | Business Development, Government

Part 3 of 5 of our interview series with Monica Hayes of Indiana Defense Network covers significant barriers and misconceptions about doing business with the Federal government.

To learn more about IDN and Monica’s work, click here┬áto watch the interview in its entirety.

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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.

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