ExecutiveBiz recently asked top CFOs in the government contracting industry to share how they are preparing to weather the deepening recession.

For the full article visit: Top 10 CFOs Share Tips for 2009

Here's a summary of their tips:

Rick Attilio of Apptis - "Have a 3 year plan". "Know what you want to accomplish" in the long term..., execute to "make it happen", and "be agile in order to adjust".

Mark Danisewicz of American Systems - "Stick to what you do best".

Christopher Giusti of Capgemini GS - Focus on meeting client needs.

Mark Herman of KForce GS - Exceed employee expectations

Jaytee Kanwal of CNSI - "Diversification is the name of the game...". Believing the GovCon industry will be affected every bit as much as other industries he recommends firms diversify to better weather the downturn.

Pamela Little of ATS - It's critical "to have a contingency plan". "Pay attention to bank convenants".

Rich Marksberry of iGov - Get back to the basics. Be aware of client needs and offer "unique solutions to fulfill those needs".

Bill Milligan of High Performance Technologies - Don't be complacent and protect your client base.

Rick Sawchak of Paradigm Solutions - Focus on communicating with all partners, including bankers and employees.

Don Shoff of INDUS - Be prepared for delays and be more efficient with overall staffing levels.