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New Federal Budget Law Limits Contractor Pay to $487K Per Year

BudgetA fresh federal budget passed into law in December sets a limit on pay for civilian and military contractors working on federal contracts at $487,000 per year, FCW reported Tuesday.

Adam Mazmanian writes the new law is meant to restrict the amount that the government will pay to federal contractor workers and will go into force after 180 days.

An Office of Management and Budget official told FCW the Office of Federal Procurement Policy will collaborate with the Federal Acquisition Regulatory Council to formulate policies for public comment, according to the report.

The new rules are also intended to outline the ways to administer the caps and handle the exceptions, FCW reports.

Mazmanian writes specialized functions, including medical researchers, scientists, cybersecurity personnel and software developers are exempted from the caps.

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