We are nine months into a new administration marked by continued uncertainty regarding the legal, regulatory, and budgetary environments for government contractors. Although contractors have benefitted from a precipitous drop in new regulations, and from the repeal of others (remember Fair Pay and Safe Workplaces?), the procurement community is still grappling with important questions. These include the prospects for the Budget Control Act, the FY 2018 Budget, and the FY 2018 National Defense Authorization Act (“NDAA”). Not to mention stated administration priorities ranging from “Buy American, Hire American” to strengthening federal cybersecurity networks. And what about the prospect of a government shutdown in October? Regardless of how these issues play out, contractors operate today in an environment of heightened uncertainty and risk.

What can contractors do to manage this uncertainty? We offer below five risk management actions contractors can take to mitigate the risks presented in this new operating environment.

Originally published in the Fall 2017 edition of PSC Service Contractor Magazine.