Is your head spinning trying to understand how to implement the multiple employee compensation limits in the Federal Acquisition Regulation (FAR)? You’re not the only one! In fact, the Department of Defense (DoD) recognized the “undue complexity” created by requiring contractors to comply with multiple compensation limits and issued guidance in an effort to reduce this complexity. The result is the ability for contractors to use blended rates, which for some contractors, will reduce complexity and as a result, reduce expenses!
The requirement to comply with multiple compensation limits began in December 2011. This is …read more
Read more here:: Government Contracting