Tag Archives | OMB

Statutory Compensation Cap for Federal Contractors

OMB has been pushing to replace the benchmark for the contractor employee compensation cap for several years. As of December 26th, the President signed into law not one, but two new benchmarks.  Problem is, we don’t know for sure which one will be implemented. Worse, the old cap will still apply in certain circumstances, meaning […]

Continue Reading

Proposed Rule Would Require Faster Payments to Subcontractors

A proposed rule publicized in the Federal Register on December 19, 2012, would add a new clause to the Federal Acquisition Regulation to require accelerated payments to small business subcontractors.  The rule would implement the temporary policy provided by Office of Management and Budget (OMB) Policy Memorandum M-12-16.  The proposed rule would provide Accelerated Payments to Small […]

Continue Reading

To WARN or not to WARN; NOT!

Apparently both the White House and DoD believe that you don’t have to WARN your employees according to memos issued on Friday.  Plus, any additional costs a contractor incurs due to Sequestration for Mass Layoffs, Plant closings, etc. will be “allowable” in its termination claim.    See Federal News Radio Artilce:     http://www.federalnewsradio.com/1007/3058915/Agencies-could-be-liable-for-certain-costs-under-sequestration   And attached […]

Continue Reading