Tag Archives: OMB

Tracking Federal Regulations? There’s an App for That!

At last, with RegInfo Mobile, you can have information about upcoming federal regulations and forms at your fingertips. The White House Office of Management and Budget (OMB) and the General Services Administration (GSA) partnered to bring you a mobile version of Reginfo.gov, an online look into agency rulemakings that are on the books, planned, or under review by OMB’s Office of Information and Regulatory Affairs (OIRA). RegInfo Mobile also provides information about forms and other information collections that OIRA has approved or is currently reviewing under the Paperwork Reduction Act (PRA). RegInfo Mobile, will bring direct access to all of this information, and more, to the palm of your hand!

Download the app today!

If You Develop Software for the Federal Government, You Need to Read the OMB’s Draft Federal Source Code Policy

On March 11, 2016, the Office of Management and Budget (OMB) published a Federal Register notice seeking public comment on a draft memorandum entitled, “Federal Source Code Policy — Achieving Efficiency, Transparency, and Innovation through Reusable and Open Source Software.’’ The notice explains that the Administration’s Second Open Government National Action Plan committed to adopting a Government-wide Open Source Software policy that ‘‘will support improved access to custom software code developed for the Federal Government.’’ The idea is that using and contributing back to Open Source Software (OSS) will fuel innovation, lower costs, and benefit the public. Unfortunately, the proposed policy threatens to strip government-funded software developers of the rights they have historically retained in the fruits of their labor – something that could ultimately prevent the government form achieving its stated goals.

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Agencies Directed to Expand Use Of Electronic Invoicing for Procurements

Move toward electronic invoicing for procurements of commercial products and services should benefit government and contractors alike. This is the sentiment shared by Aronson LLC Principal Consultant, Tom Marcinko, in a recent Bloomberg BNA article.

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Executive Compensation Limit Reset

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 current compensation cap from $763,029 to $952,308 for costs incurred on all contracts after January 1, 2012 for contractor employees performing DoD, NASA and Coast Guard contracts – but only to the five most highly paid executives for all other federal agencies.  The BBA overrides the earlier enacted provision.  This is basically a reset to compensation.   The new initial allowable compensation cost cap for all contractor and subcontractor employees on any government cost reimbursement contract is set at $487,000, to be adjusted annually based on the Bureau of Labor Statistics’ Employment Cost Index (ECI). 

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2012 Executive Compensation Benchmark

On December 4, 2013, the Office of Management and Budget published a memorandum to the Heads of Executive Departments and Agencies announcing the new “benchmark compensation amount” for certain contractor executives and employees. In terms of costs allowable under Federal Government contracts, contractors are now allowed to seek reimbursement up to $952,308 for senior executive compensation packages for the 2012 fiscal year.

Despite the President’s effort to repeal the current method of calculating the benchmark amount, the Office of Federal Procurement Policy (OFPP) is compelled to increase the cap for another year.  This year’s formula is an increase of $189,279 from the $763,029 amount established for FY2011.

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