What Are Asset Based Loans?
Thursday, July 21, 2011
by Gary Honig
Many well-established government contractors turn to Asset Based Lenders (ABL) for capital. ABLs provide commercial financing to companies primarily using accounts receivables as collateral. Typically the Contractor will have a minimum of $1 million in available accounts receivable (AR) for funding. This means the creditworthiness of the account debtors (customers) is strong and diversified (not
- Published in Business Operations, Business Resources, Creative Capital Associates, Gary Honig
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FOSE 2011: Cartwright Stresses Digital Modernization, Competitiveness as Keys to Military and Government
Tuesday, July 19, 2011
by Michael Hackmer, CEO and Founding Partner, Government Contractors
There will be more than a few perspectives offered today on U.S. Marine Corps General James “Hoss” Cartwright, vice chairman of the Joint Chiefs of Staff’s “Competitive Advantage for the Warfighter” opening keynote at FOSE. In listening to the General speak I found that he sounded at times like a chapter out of Alvin Toffler’s The Third
- Published in Department of Defense (DoD), FOSE
8 Concrete Steps and Resources That Companies Can Use Now to Secure Their Networks
Monday, July 18, 2011
by Michael Hackmer, CEO and Founding Partner, Government Contractors
There is no doubt that high-profile security breaches in the public and private sector shine a bright light on the importance of addressing network vulnerabilities. However, online and network security is not something just for government agencies, prime contractors and big, high-profile companies, but for smaller enterprises as well. Why Would Anyone Hack MY Network? The truth
- Published in Business Resources, Cybersecurity
Dealing With Uncertainty
Friday, July 15, 2011
by Gary Honig
The calamitous economic environment we find ourselves in creates peril and uncertainty when it comes to staying out of trouble. The ripple effect of banks going out of business or defaulting on existing loans is excruciatingly painful to small businesses. You can no longer take for granted the loan you have or were expecting to
GovCon Insights July 13, 2011: Feds Use Less Time-and-Materials Contracts; Impact of Service Contract Cuts; Buffett Buying GD?
Wednesday, July 13, 2011
by Government Contractors Editorial Team
Agencies play it safe with contract types [Federal Computer Week] – An Office of Federal Procurement Policy report[PDF] released July 8 finds that agencies cut around $3 billion in time-and-materials contracts and spent more on cost-reimbursement contracts from 2009 to 2010 to lessen risk. Fixed-price contracts remain the most populartype, accounting for 63 percent of procurement spending in 2009 and 62 percent in
- Published in GovCon Insights
GovCon Travelogue: Addis Ababa, Ethiopia
Wednesday, July 13, 2011
by Micheal Mullen
Celebrating the Fourth of July in Addis Ababa, Ethiopia, may have lacked the customary fireworks that add celebratory spirit to our national independence, but my fireworks happened on July 6 as I entered the U.S. Embassy in Ethiopia, the final phase of a two-and-a-half-year process to gain an entry visa for my newly adopted daughter,
- Published in Micheal Mullen
Debt Ceiling Debate Shows True “Deficit” Is Among Democrats And Republicans
Monday, July 11, 2011
by Michael Hackmer, CEO and Founding Partner, Government Contractors
President Obama, as well as congressional Democrats and Republicans, are trying to show the American people they take the nation’s financial health seriously. So much so, they are scrambling to reach an agreement on raising the nation’s debt ceiling — the legal limit that Congress may owe — by August 2. Of course, let’s not
- Published in Federal Budget, Government Shutdown
GovCon Insights July 11, 2011: Costs of Protecting Unclassified Info; Anonymous Hack of IRC Federal; 7-Eleven Contracting on 7/11
Monday, July 11, 2011
by Government Contractors Editorial Team
Contractors resist DoD’s tougher info rules [Federal Times] – The tens of thousands of contractors that would be impacted by a DOD proposed rule to protect unclassified information complain that the requirements would cost them millions of dollars in new systems. Alan Chvotkin, executive vice president and counsel at the Professional Services Council, questions the “scope of coverage, the
- Published in GovCon Insights
GovCon Insights July 8, 2011: Service Contract Cuts, DOD Deputy Secretary Lynn Resigning; National Labs, Contractor Cyber Attacked
Friday, July 08, 2011
by Government Contractors Editorial Team
White House plans cuts to support service contracts [Washington Post] – At the White House Forum on Accountability in Federal Contracting yesterday, the Office of Management and Budget announced requirements for federal agencies to cut spending on management support service contracts 15 percent to $34 billion by the end of fiscal year 2012. Spending on such services quadrupled from 2000
- Published in GovCon Insights
President Obama’s Tweet-a-Thon Not an Example of Open or Good Government
Thursday, July 07, 2011
by Michael Hackmer, CEO and Founding Partner, Government Contractors
Yesterday, President Obama’s first-ever presidential forum using Twitter generated substantial media buzz. However the event itself largely failed to deliver any tangible benefits, and ultimately was not an example of what social media can do to provide open and better government. Here are some observations: 1) Drew Cline of New Hampshire’s Union Leader, who helped to curate
- Published in Gov 2.0, Open Government
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