The Latest Lowdown on Government Money
It may seem like manna from heaven, but there are pitfalls to be aware of.
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1. Governments are often really bad about paying on time. According to a Dec. 5, 2013, survey from the Urban Institute, nonprofits say that reporting and the complex application process are the two most difficult things about government contracting. But this isn't the only way that government contracts can be difficult for nonprofits. Seventy percent of respondents stated that the government contract often does not cover the full cost of services.
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Mazarine Treyz
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