"Companies should be dusting off plans from previous years. The most common piece of advice we hear is to start ahead of the shutdown. Do not wait. Evaluate your contracts. Talk to your contracting officers. Develop plans for employees and understand who may and may not be able to work. Push to get invoices paid, modifications issued, options exercised, tasks awarded before the shutdown. Talk to your subcontractors and offer them guidance. Talk to your banks about lines of credit and cash flow."
"There have been five shutdowns since 1995. One happened in November 1995 and then again from December 1995 to January 1996, before a final fiscal 1996 budget was passed. There was a 16-day shutdown in October 2013. During President Trump's first term, there was a three-day shutdown in January 2018. A 35-day partial shutdown unfolded in December 2018 and January 2019. It was a partial shutdown because five of the 12 appropriation bills had been signed into law."
The market is moving toward a potential government shutdown at month-end, prompting renewed preparedness actions. Continuing resolutions have occurred every fiscal year since 1998, though true funding lapses longer than 24 hours are rare. There have been five shutdowns since 1995, including multi-week events in 1995–1996, 2013, and a 35-day partial shutdown spanning December 2018–January 2019. Companies face ongoing shutdown risk and should update contingency plans, review contracts, communicate with contracting officers and subcontractors, identify who can work, accelerate invoices and modifications, and arrange bank credit and cash-flow options now.
Read at Nextgov.com
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