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December 24, 2013 By AMK

Budget deal’s lower contractor pay cap pleases many

he budget deal passed by the House on Dec. 12, 2013 includes a compromise on the much-fought-over amount the government may reimburse contractors for executive pay, drawing qualified approval from employee unions and nonprofit critics of current policy.

The bill negotiated by budget committee leaders Sen. Patty Murray, D-Wash., and Rep. Paul Ryan, R-Wis., would lower the cap on reimbursements for an executive’s annual pay to $487,000, about half the $952,308 recently announced by the Office of Management and Budget.

The Senate is expected to vote on the deal next week, but if that $487,000 amount becomes law, it would supersede a proposal for a $625,000 cap included in the National Defense Authorization Act agreement reached by Armed Services committee chairmen from both chambers on Monday.

The budget deal’s figure, however, is still double the cap of $230,700, or the vice president’s salary level, sought in legislation sponsored by Sens. Barbara Boxer, D-Calif., Joe Manchin, D-W.Va., Jon Tester, D-Mont., and Chuck Grassley, R-Iowa, as well as Rep. Paul Tonko, D-N.Y.

OMB, stressing that it was required by law to raise the cap, last May proposed a ceiling of $400,000, equal to the president’s salary. The newly announced $952,308 cap has few defenders — even among the contracting community.

Keep reading this article at: http://www.govexec.com/contracting/2013/12/budget-deals-lower-contractor-pay-cap-pleases-many/75506 

Filed Under: Government Contracting News Tagged With: executive pay, GAO, NDAA, OMB, pay cap

May 13, 2013 By AMK

As federal belts tighten, contractor CEOs enjoy million-dollar raises

On the same day in March that Lockheed Martin warned that the sequester could lead to thousands of employee furloughs and layoffs, the nation’s largest federal contractor disclosed that it had just boosted the compensation of its former CEO by more than $2 million.

Former Lockheed CEO Robert Stevens, who retired as CEO on Jan. 1 but remains chairman, saw his overall compensation rise from $23.4 million in 2011 to $27.5 million in 2012, according to Securities and Exchange Commission (SEC) forms.

The disclosure shows how even with a looming sequester, budget standoffs and defense cutbacks, federal belt-tightening hasn’t yet hit the wallets of top executives for some of the nation’s biggest federal contractors.

Keep reading this article at: http://www.federaltimes.com/article/20130423/ACQUISITION03/304230001/As-federal-belts-tighten-contractor-CEOs-enjoy-million-dollar-raises 

Filed Under: Government Contracting News Tagged With: budget cuts, compensation, DoD, executive pay, Lockheed Martin, POGO

April 18, 2013 By AMK

Obama budget renews effort to cap contractor pay

Deep inside President Obama’s fiscal 2014 budget released last week is language to set in motion another effort to clamp down on the amounts taxpayers reimburse contractors for the compensation of their top executives as well as their workforce writ large.

Currently, contracting firms are permitted to write off pay and benefits of up to $763,000 for each of their top five executives. Lawmakers such as Sen. Barbara Boxer, D-Calif., and Rep. Paul Tonko, D-N.Y., have joined with unions such as the American Federation of Government Employees to lower the reimbursement cap to help curb the federal deficit. They argue that executive pay and benefits have risen by 300 percent since the cap was introduced in the mid-1990s.

Keep reading this article at: http://www.govexec.com/contracting/2013/04/obama-budget-renews-effort-cap-contractor-pay/62504/ 

Filed Under: Government Contracting News Tagged With: budget, compensaion, executive pay

April 4, 2013 By AMK

Energy Dept. overpays contractor executives

An Energy Department official signed off on cushy contractor salaries well above levels specified in department guidance, according to an inspector general report released Wednesday.

The Energy official in Oak Ridge, Tenn., approved higher than market rate salaries for 10 contractor executives at URS|CH2M Oak Ridge LLC, the report found.  The company has a $2.2 billion contract to manage environmental cleanup efforts at the East Tennessee Technology Park in Oak Ridge.

Two of the more extreme cases had executives netting $299,800 and $337,581, or 82 percent and 74 percent above the corresponding market rates for each position, respectively.

Keep redaing this article at: http://www.govexec.com/technology/2013/03/energy-dept-overpays-contractor-executives/62122/?oref=nextgov_today_nl 

Filed Under: Government Contracting News Tagged With: Energy Dept., executive pay, fair and reasonable price, IG, labor rate

January 3, 2013 By AMK

8 key acquisition provisions in 2013 defense bill

The fiscal 2013 National Defense Authorization Act, a major piece of legislation affecting many aspects of how the government deals with costs and contracts, contains some noteworthy provisions.  Here are the eight most important provisions;

1. Better pricing data.

2. Easier analysis of pricing trends.

3. Faster access to past-performance data.

4. A review of the contractor pay cap.

5. Workforce decisions left to DOD.

6. A limit on cost-type contracts.

7. Critical acquisition jobs reserved for feds.

8. Status quo for small-business contracting goal.

To read details, please see: http://fcw.com/articles/2012/12/19/ndaa-acquisition.aspx.

Filed Under: Government Contracting News Tagged With: acquisition strategy, acquisition workforce, Better Buying Power, cost and pricing, DoD, executive pay, past performance, pricing, small business

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