Good examples.
Good examples
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Here I go again..(should listen to the Seinfeld explanation of good point - make it and leave - don’t try to ‘better’ it.< : <: <:
There used to be a time when you actually had to charge MORE to the Government for doing a job as they were the ‘picture in the dictionary version of slow pay’ - Only grace being that you WOULD get it - eventually.
Reason ‘we’ got so ticked was
They expected lower prices virtually because money was guaranteed. (Eventually the 10% quick pay rule was added).
BUT
By law, the Government can’t award a contract without money in hand. So, in effect, they are ‘earning’ interest (dependent whether the money sitting in a drawer(probably) or ‘put to work’ so interest could be drawn).
(going to use ‘round numbers here’)
The numbers got worked around to show that every step in the Government paying YOU was resulting in MORE money going back to the Govt.
From the first check, TAXES come out. Taxes come out of the checks of the employees you pay for doing the work, Taxes come out when said employees go to the store and spend the money. Taxes come out in the business where the money is spent...etc ... etc...
So if you got paid say one mill for a job whatever tracking was used showed that maybe at least 2 mill would go back into the system.
Saying this is ‘true’, one would think the SOB’s would want to get your money to you ASAP, not wait the 60 days the law allowed them to wait....