Just in Case: Partial Government Shutdown Basics for Contractors
What happens when the government shuts down?
With lawmakers facing a midnight deadline to resolve differences over a stopgap spending measure, a partial government shutdown appears likely. Beyond the closure of national parks and museums, a partial shutdown will have significant consequences for the government contracting community.
What contracts are executable under a shut down? How can contracts be modified after the shutdown to make up for lost revenue? The 2013 shutdown, for example, cost some contractors as much as $30 million in lost revenue.
Bloomberg Government Senior Defense Analyst, Robert Levinson, and Senior Budget Analyst, Cameron Leuthy, examined past shutdowns and related federal guidance to produce a primer for contractors affected by the shutdown.
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