Hey Nineteen

Monday, 06 April 2020 07:18 Nick Sanders
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Everybody is dealing with COVID-19. Big companies, small companies, we’re all in this together right now.

Changes are happening quickly. The CARES Act. DOD Class Deviations. Direction to increase cash flow throughout the industrial base.

It’s hard to keep up with it all—and meanwhile, contractors have real issues to deal with.

The workforce is affected. Some are getting sick; others may have been exposed but aren’t showing symptoms yet. Freight costs are soaring (when you can get deliveries.) Suppliers are shutting down. And when suppliers are up and running, they’re running behind. Basic consumable supplies are hard to get. Some companies are retooling to make healthcare products.

Yeah, there’s a lot to worry about now.

You can find any number of free webinars on the various COVID-19 issues, offered by both law firms and providers of accounting services. They are, for the most part, worthy of your time if you have questions about how to respond to the various challenges your company is facing.

We’re not going to duplicate their content on this site. Go find one of the freebies and spend an hour getting up to speed.

Having said that, we will offer some thoughts that we have gleaned from thinking about various challenges companies are facing. We’re not lawyers and we’re not your consultants, so there is no guarantee we’ve got this figured out. In the “for what it may be worth” department:

Whether you are a small contractor or one of the largest contractors, you are facing the same issues and challenges as everybody else. Everybody is struggling to adjust to the new normal and nobody has figured out every answer to every challenge yet. This article is intended to get you thinking about some of the challenges and their possible solutions. The rest is up to you.