WT 360: Action items for contractors in the shutdown’s second week
PSC's president Stephanie Kostro. PSC
By
Ross Wilkers
Stephanie Kostro, president of the Professional Services Council, outlines how government contractors are keeping busy on several fronts as they prepare for their customers to reopen.
Stop-work orders from government agencies to their partners in industry do not, in fact, entirely pause the business of federal contracting because companies have plenty to do as they prepare for the eventual reopening.
This episode featuring Stephanie Kostro, president of the Professional Services Council, begins with a guide of what typically happens next after contractors receive those orders to stop work and wait for the directive to resume.
From there, Kostro takes our Ross Wilkers through some of the basic action items that the trade association is recommending for its member companies and more with all eyes toward the shutdown’s inevitable end.
Ongoing conversations with lenders and financial institutions are must-dos for companies well before, and while, the invoice payments freeze. Finding people inside government to speak with on deliverables is becoming more difficult, as Kostro explains.
