Termination for Convenience? Not So Convenient

Today’s discussion is all about something that doesn’t get talked about enough—but when it happens, it can shake your whole business: termination for convenience. It sounds polite, right? Like the government just doesn’t “need your services anymore.” But for a small business, it can mean canceled plans, stranded staff, sunk costs—and a scramble to recover.In this episode, we’re breaking down what termination for convenience actually is, how it shows up, and what you can do—legally, financially, and strategically—to prepare for it or respond when it hits. Because in GovCon, it’s not always about what you win—it’s about how you withstand the unexpected.Let’s get into it.Guest Bio:CPA at Withum for the Government Contractors group. She has over 18 years of experience in accounting. Lenee assists clients across a broad range of industries to include Government Contracting, Banking and Financial Services, and Manufacturing industries. Her role includes Internal Audit, SOX Compliance, FAR/DFARS Compliance, General Ledger Accounting, and SEC Financial Reporting responsibilities. She has implemented ERP and Financial Systems using Software Development Lifecyle (SDLC) best practices which include documenting business and data requirements, system integration testing, and user acceptance testing.Call(s) to Action:Help spread the word about Unveiled: GovCon Stories: https://shows.acast.com/unveilLenee-govcon-storiesDo you want to be a guest or recommend a topic that you would like to learn or hear about on the podcast? Let us know through our guest feLeneeback and registration form.Links:Learn more about Withum on their websiteEmail Lenee LyteCatch up with Withum at SECAF, SAME, and the VETS2025 conference in Orlando the week of May 12th!Termination for Convenience ChecklistSponsors:The views and opinions expressed in this podcast are solely those of the hosts and guests, and do not reflect the views or endorsements of our sponsors.Withum – Diamond Sponsor!Withum is a forward-thinking, technology-driven advisory and accounting firm, helping clients to be in a position of strength in today’s complex business environment. Go to Withum’s website to learn more about how they can help your business! Hosted on Acast. See acast.com/privacy for more information.