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Department of Defense

Contractor Labor Rates

Currently per Federal Acquisition Regulation (FAR) 31.205-6(p)(1) there is a limitation on allowability of compensation for certain contractor personnel.

Specifically: Costs incurred after January 1, 1998, for compensation of a senior executive in excess of the benchmark compensation amount determined applicable for the contractor fiscal year by the Administrator, Office of Federal Procurement Policy (OFPP), under Section... more »

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