Government contractors may feel like they are hanging on to a swinging rope in a tornado now that Congress has hit the reset button on executive compensation for the second time in less than a month. On December 26, 2013, the President signed both the National Defense Authorization Act (NDAA) for fiscal year 2014 and the Bipartisan Budget Act of 2013 (BBA). Both established a new government-wide benchmark compensation levels for all contractor employees at $487,000, marking a nearly 50% decrease in these allowable costs.
It was less than a month ago on December 4, 2013, that OMB increased the …read more
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