Learning The Sequestration Tango

Law360, New York (March 15, 2013, 12:48 PM EDT) -- Many federal contractors and subcontractors are in store for a bumpy ride. On March 1, 2013, sequestration went into effect, requiring the federal government to cancel $85 billion in budgetary resources between now and Sept. 30, 2013 — the remaining seven months of fiscal year 2013. Contractors for both defense and civilian agencies face potential impacts from sequestration, primarily in the form of lost work and revenue as agencies cut existing contracts and delay or cancel new awards.

But contractors are far from helpless. The implementation...
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