Managing Risk During a Government Shutdown: What Contractors Should Know
Government shutdowns can throw a wrench into the gears of even the most well-oiled contracting operations. When Congress and the president fail to pass a funding bill, the resulting lapse in appropriations can halt nonessential federal activities, leaving contractors in a precarious position. But fear not—by t aking proactive steps and staying informed, contractors can navigate these turbulent times with confidence and resilience. Here are some ideas for managing the risks and keeping projects on track during a government shutdown. 0:00 6:00 Quick Hits Identifying Impacted Contracts: Review contract terms and engage your contracting officer to determine if contracts are affected by the shutdown. Responding to Stop-Work Orders: Stop-work orders typically require immediate compliance. When complying, be sure to document all related communications and actions. Proactive Communication: If no stop-work order is issued, seek written confirmation from your contracting...