05.Jan.2012
Defense Spending Bill Could Cap Contractor Salaries (What About Bonuses?)
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Two provisions in the 2012 Defense Authorization Bill directly impact defense contractors. One applies to a contractor pay cap to all contract employees, and the other puts more responsibility on contractors to stop counterfeit electronic parts.
The bill prohibits contractors from charging more than $690,000 for the salary of any of its employees. That incremental pay cap, had previously only applied to a contractor’s top five executives.
• Read more at Federal News Radio
