Office of Federal Procurement Policy Compensation Limit Updated

The updated allowable compensation limit for costs incurred in 2024 is $646000 for all employees of government contractors, up from $619000 for 2023.

OFPP Updates Contractor Compensation Cap for 2024 | Forvis Mazars

The Office of Federal Procurement Policy (OFPP) updated the contractor compensation cap (often referred to as the executive compensation cap or compensation ...

The Office of Federal Procurement Policy | OMB - The White House

As a result of changes made by section 811 the National Defense Authorization Act for FY 2018, the $750,000 threshold will be raised to $2 million for contracts ...

Do you Know How the Executive Compensation Limit for 2024 ...

At a Glance · The main takeaway: The executive compensation limit for government contractors for the year ending December 31, 2024, is $646,000.

Office of Federal Procurement Policy; Federal Acquisition Regulation

By limiting Federal contractors' ability to make hiring and compensation ... salary range disclosure requirements are relatively new policies ...

I will be aware of the executive compensation limit for 2023 - Aprio

The executive compensation limit for government contractors, as established by Section 702 of the Bipartisan Budget Act of 2013 (BBA; Pub. L. 113-67, December ...

Contractor Compensation Cap per Statutory Formula

The allowability of the compensation costs for the senior executives of Government contractors is capped by statute (10 U.S.C. 2324(e)(1)(P) and 41 U.S.C. 4304( ...

Procurement Integrity Act - Department of Justice

approve issuance of a contract payment or payments in excess of $10 million, or pay or settle a claim in excess of $10 million. (48 CFR 3.104-4(d)). Note that ...

Federal Acquisition Regulation: Limitation on Allowable Government ...

Section 702 of the law set the initial limitation on allowable contractor and subcontractor employee compensation costs at $487,000 per year, ...

970.3102-05-6 Compensation for personal services. - Acquisition.GOV

The contract shall specifically provide that contracting officer approval is required for compensating an individual contractor employee above the threshold if ...

Proposed Rule on Pay Equity and Transparency May Significantly ...

The current lack of limiting factors in the proposed rule, such as dollar value or percentage of time supporting government contracts, could ...

Contractor Employee Compensation Cap Overview | The White House

The compensation costs for contractor employees are reimbursed to the contractor by the Government on certain contracts. The Federal Acquisition Regulations ( ...

Open FAR Cases as of 11/8/2024

Modernizing the Davis-Bacon Act Updates the Federal Acquisition ... Federal office ... 1906 or the Administrator for. Federal procurement Policy ...

31.205-6 Compensation for personal services. - Acquisition.GOV

It is discriminatory against the Government if it results in employee compensation (in whatever form or name) in excess of that being paid for similar non- ...

Pay Transparency Regulations Frequently Asked Questions

The U.S. Department of Labor's Office of Federal ... Do federal contracting agencies have to ... agency policies. Last updated on October ...

41 USC Subtitle I, Division B: Office of Federal Procurement Policy

(1) to limit the authority of the Office of Federal Procurement Policy ... (6) an evaluation of the effect of implementing new ... maximum rate of basic pay payable ...

Hidden in Plain Sight: Where, Oh Where, Have the Compensation ...

According to the Final Rule, the administrator for the Office of Federal Procurement Policy (“OFPP”), within the Office of Management and ...

U.S.C. Title 41 - PUBLIC CONTRACTS - GovInfo

1–303. In accord with Section 6 of the Office of Federal Procurement Policy Act (41 U.S.C. 405), the Administrator for Federal Procurement Policy shall be ...

DCAA Takes the Lead on Compensation Cap

DCAA Takes the Lead Over Office of Federal Procurement Policy (OFPP) ... In 2013, Congress put in place a new process for the calculation and ...

41 USC Subtitle I: Federal Procurement Policy - U.S. Code

Executive agency. 134. Simplified acquisition threshold. SUBCHAPTER III—DIVISION C DEFINITIONS. 151.