Financing Issues of Government Contractors
Financing Your Business / Financial Reporting on Government Contracts
Government contracts often have significant lead time between the award of a contract and delivery of a product. Businesses fulfilling government contracts often need to finance the production costs of goods and services for some time before they can receive payment for work completed.
Timely and sufficient financing, whether through a government program or the private financial sector, can be the difference between smooth, efficient contract performance and struggling to meet one’s responsibilities.
I’m business attorney Jim Rome. I work with small and mid-sized firms doing business with government at the local, state and federal level. My goal is to help your business succeed and grow with government contracts.
I help business clients identify potential sources of funding, secure funding from private financial institutions, and negotiate with the government for financial assistance on a particular contract.
To schedule a consultation regarding financing of production of goods or the delivery of services to fulfill a government contract, contact my Chicago area office.
Record-Keeping and Government Contract Performance
The government has an absolute right to inspect and review the financial records of contractors. Adequate and complete bookkeeping is a critical aspect of doing business with the government. I can work with bookkeepers, accountants, and other financial staff in your company to develop and maintain a record-keeping system that will satisfy a government inquiry into contract performance.
I’m here to help your business grow. Learn more about the financial record keeping you government contract will require and how you can resolve problems with billing and documentation.
Contact my Chicago area law office or call 847.917.3540 to schedule a consultation. I can meet you at your office, home, or another location convenient to you. I work with clients in Illinois and nationwide.