Tag: cash flow
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Federal contracts can strain cash flow. How to prepare.
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A 1940 law lets contractors assign payments under a federal contract to a financing institution. Here is how the Assignment of Claims Act works and what lenders and contractors must do to use it.
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Federal contracts usually pay after delivery, and the gap can strain a small firm. FAR Part 32 offers progress payments, performance-based payments and other tools, each with conditions attached.
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Federal payment can be reliable, but it depends on proper invoices submitted the right way. Here is how payment generally works and how to avoid delays.