WT Business Beat

By Nick Wakeman

Blog archive
Nick Wakeman

Coronavirus updates on business, government and contracting

The coronavirus pandemic has turned our world upside down in many ways. Schools, events, businesses are shuttered. Many office workers have been sent home to telework.

We are collecting our coronavirus coverage on to this page as a quick resource for you to find our stories and analysis. This page is organized four buckets: Most Recent, Advice, Business Impact, and Customer Impact.

MOST RECENT

PROJECT 38: Legal issues arise in contracting during a pandemic

In this episode of our podcast, contracts attorney James Fontana highlights where legal issues can arise and how contractors should be proactive in protecting their business and employees.

Lockheed ramps up COVID-19 response aid efforts

Lockheed Martin already made one commitment of support and is increasing that aid to its suppliers and those who are responding to the COVID-19 pandemic.

CARES Act and the impact on contracting costs

The newly minted CARES Act has plenty that will impact government contractors and one area to pay attention to is how allowable costs will be handled. 

What the 2009 financial crisis can teach us about COVID-19

The recovery from the 2009 financial crisis offers lessons for how we should respond to the COVID-19 crisis. IBM's John Kamensky explains what we learned and how it applies.

DHS contractors face new COVID-19 screening procedures

DHS is putting new restrictions in place for contractors as federal agencies and industry grapple with how best to collaborate on projects under quarantines and social distancing guidelines designed to limit in-person gatherings.

Booz Allen creates $100M COVID-19 employee fund

Booz Allen Hamilton has set aside at least $100 million for a COVID-19 resilience program to supports its 27,000 employees and the communities where they live and work.

PROJECT 38: Protecting small business during the COVID-19 pandemic

The challenges and risks faced by small business government contractors are severe. They face possible work stoppages, slower payments, layoffs, and the threat of bankruptcy. Bruce Lyman of the financing firm Parabilis explains to Senior Staff Writer Ross Wilkers what can be done to support these companies.

Efforts underway to bolster cash flow in face of COVID-19 pandemic

From large prime support for smaller subs to changes in DOD's progress payment policies, multiple efforts are underway to address the cash crunch many companies are facing during the COVID-19 pandemic.

SAIC sees some buffers against COVID-19 impact

Due in large part to the nature of its work, Science Applications International Corp. is telling investors it expects to be able to manage through the COVID-19 pandemic.

Pandemic puts squeeze on company finances

As the COVID-19 pandemic continues, more companies are warning about risks to their top and bottom lines as evidenced by recent disclosures by publicly traded GovCon players.

COVID-19's impact will far outlast the pandemic

COVID-19 will reverberate through the market for years to come but what that impact will look like and what it'll mean to the GovCon market are questions that are yet to be answered.

Legal update on coronavirus impact

Government contractors find themselves stuck between the proverbial rock and a hard place as agencies are slow to issue guidance to allow more worker flexibility in the face of the COVID-19 pandemic.

ADVICE

Project 38: Harnessing social media in the face of the COVID-19 pandemic

Many of us are practicing social distancing as the world deals with the coronavirus pandemic. Marketing and social media expert Mark Amtower shares his tips on how to use the tools to build and maintain strong relationships with your customers and partners, especially as you largely can't meet face-to-face.

Don't take the national security contractor workforce for granted

As the government moves through the COVID-19 crisis, it is critical that government leaders make the right decisions and remember that contractors are an essential part of the solution.

How the best M&A comms can help with COVID-19 communications

During a major event, even a crisis like COVID-19, it's important to think about how you communicate and what that says about your company and your brand.

In this interview, Lohfeld Consulting's Lisa Pafe offers advice and insights on actions you should take as COVID 19 causes contract delays and postponements.

Lisa Pafe of Lohfeld Consulting explores many of the business, capture and BD implications of the pandemic and steps you should be taking now.

Contracts, the law and coronavirus

Attorney James Fontana lays out the various regulatory and legal issues contractors need to be aware of as the coronavirus slows down the business of government.

BUSINESS IMPACT

COVID-19 drives Maximus to halt financial guidance

Maximus is temporarily suspending its financial guidance to investors because of the coronavirus pandemic and what it is doing to the economy. How soon will other public GovCon firms follow suit?

Is the future of telework now as coronavirus spreads?

Telework is becoming the norm for just about everyone who can amid the coronavirus pandemic. But in some ways, the trend was already headed in that direction and current events will keep it that way.

Explore the impact of COVID-19 on the GovCon supply chain in Senior Staff Writer Ross Wilkers' interview with Chris Meissner, founding partner with the 202 Group, a data analytics and market intelligence firm.

Contractors getting federal guidance on working amid coronavirus pandemic

Government contractors and their customers are figuring out how and what work goes on as the coronavirus pandemic is poised to speed up. We have consolidated the guidance that agencies are giving their industry partners on how to proceed and some reactions.

COVID 19 tests contractor resilency

Senior Staff Writer Ross Wilkers explores some of the possible financial impacts of the pandemic and how DOD, at least, is holding regular briefings with groups representing contractors.

This article by our own Ross Wilkers explores some of the challenges contractors need to prepare for as their employees shift to home offices and possibly shut out of government facilities.

CUSTOMER IMPACT

OMB expands use of easy-acquisition procedures in face of COVID-19

The Office of Management and Budget's revised thresholds for federal purchases are a welcome tool for agencies and federal contractors

DOD acquisition chief Ellen Lord has declared that contractors in the defense industrial base are part of the nation's critical infrastructure sector and can continue to report to work during the pandemic. 

DOD looks to industry for anti-COVID 19 prototypes

The Defense Department wants industry's help in developing prototypes that can battle the coronavirus and other emerging biothreats.

FCW's Lauren Williams relays comments from CMMC chief Katie Arrington about how DOD is looking to be flexible with how training efforts are rolled out for the Cybersecurity Maturity Model Certification.

Acquisition contracts key to agencies opening telework options in face of coronavirus

Also of FCW, Mark Rockwell reports on the acquisition vehicles that agencies will lean on as they move toward more telework-based operations.

Senate panel looks for supply chain options

Rockwell covers a Senate Commerce Committee hearing that looked at the supply chain impacts of the coronavirus.

Posted by Nick Wakeman on Mar 20, 2020 at 1:28 PM


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