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Six Fundamental Strategies to Navigate the Threat of Government Shutdowns: Operational and Business Development Insights
September 27, 2023 | Government
Image taken from: Unsplash Operational Resilience Amidst Shutdown Threats Review Contracts Proactively: In light of a potential shutdown, assessing your contracts can offer foresight on possible interruptions. Keep a keen eye out for "stop-work" notices and familiarize yourself with the expiration dates of contracts. Furthermore, understand which agencies are “business as usual” due to their essential nature like the VHA. Our contracts, when we were a prime contractor to the VA were never affected by a government shutdown. The best way to understand how your work might be affected is through ongoing communication with your contracting officer. Foster Open Communication:…
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.
