The Defense Department has called on Congress to modify current regulations for the department’s acquisition processes, Federal News Radio reported Wednesday.In a set of nine proposals, DoD proposed to lessen contract-related reporting requirements and raise the micropurchasing threshold from $5,000 to $10,000.
The report said one proposal would only allow companies to protest task or delivery orders, issued under multiple-award contracts, if the award is worth at least $25 million — an increase from the current threshold of $10 million.
The department also seeks to change the requirement for contractors to report the salary of their highest paid executives.
DoD contractors are currently required to disclose the names and compensation of their five highest paid employees if contract awards account for at least 80 percent of the company’s revenue; the contracts are worth at least $25 million; and information on the executives are not accessible through other means.
The proposal would make salary disclosure mandatory only for companies under cost accounting standards, which apply to larger firms that receive contract awards of $50 million or more.
