Washington Update
(continued)
the negative impact. The Department
of Defense announced that it is going
to curtail its Quickpay program, which
accelerates
payments
to contractors as a direct result of
the “budget
uncertainty
the department is facing.” While
Quickpay
Lopez
deals mostly
with prime contractors, small business
contractors will inevitably experience
a cashflow slowdown.
Frank Lopez, CEO of the National Hispanic Contractors Association
(NHCA) says that the businesses
he has spoken with have not yet felt
the impact from the shutdown of
Quickpay, mainly because they are not
considered prime contractors. Most
NHCA members subcontract through
larger companies that deal directly
with the government. Still, Hispanicowned small