The Contracting Education Academy

Contracting Academy Logo
  • Home
  • Training & Education
  • Services
  • Contact Us
You are here: Home / Government Contracting News / Shutdown’s cost to DoD contractors: $1 billion a day

October 8, 2013 By AMK

Shutdown’s cost to DoD contractors: $1 billion a day

The government shutdown affects Americans in different ways – everything from no seasonal flu program to the shuttering of 400 national parks and museums to limited Veterans’ benefits.

Companies doing business with the government are no different. Defense contractors face a $1 billion loss every day the government is closed. Some contractors who “provide support” will still receive checks, but what does “providing support” really mean?

At a Bloomberg Government breakfast, Representative Chris Van Hollen (D-MD), added some clarity. The ranking member on the House Budget Committee told the room providing support covers “essential personnel and services” only.

Keep reading this articole at: http://blog.bloomberg.com/2013-10-01/1-billion-a-day-how-the-govt-shutdown-affects-defense-contractors/ 

Filed Under: Government Contracting News Tagged With: DoD, essential functions, government shutdown, industrial base, shutdown, support services

Popular Topics

abuse acquisition reform acquisition strategy acquisition training acquisition workforce Air Force Army AT&L bid protest budget budget cuts competition cybersecurity DAU DFARS DHS DoD DOJ FAR fraud GAO Georgia Tech GSA GSA Schedule GSA Schedules IG industrial base information technology innovation IT Justice Dept. Navy NDAA OFPP OMB OTA Pentagon procurement reform protest SBA sequestration small business spending technology VA
Contracting Academy Logo
75 Fifth Street, NW, Suite 300
Atlanta, GA 30308
info@ContractingAcademy.gatech.edu
Phone: 404-894-6109
Fax: 404-410-6885

RSS Twitter

Search this Website

Copyright © 2023 · Georgia Tech - Enterprise Innovation Institute