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Government shutdown costing private-sector contractors $245 million every day

January 16, 2019 By Andrew Smith

As it rounds up its third week, the partial government shutdown isn’t only affecting hundreds of thousands of federal employees. Contractors are potentially losing out on $245 million each day the shutdown continues, Bloomberg estimates.

Private-sector organizations that serve federal agencies including the Department of Homeland Security, the United States Agency for International Development and the Environmental Protection Agency have been told to stop work on certain contracts, with little indication as to what happens next, the Washington Post reports.

Homeland Security’s Federal Emergency Management Agency (FEMA) last week posted a “blanket” stop work order affecting scores of open contracts, the Post reports. “Any work done after receipt of this notice is at your own risk and will not be reimbursed,” Bobby McCane, FEMA’s head of contracting activity, wrote to federal contractors. “I thank you for your assistance during this funding lapse.”

Keep reading this article at: http://fortune.com/2019/01/07/u-s-government-shutdown-private-sector/

Filed Under: Contracting News Tagged With: DHS, EPA, federal contractors, FEMA, government shutdown, Homeland Security, industrial base, shutdown, USAID

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