OMB tightens reporting screws on subcontracts, executive pay

Source: Matthew Weigelt, Washington Technology,  Jul 08, 2010

The Obama administration continued its course toward tougher contractor oversight with an interim rule requiring contractors to report executive salaries and first-tier subcontracts. The Office of Management and Budget has directed that regulators amend the Federal Acquisition Regulation (FAR) to initiate the subcontract award reporting under the Federal Funding Accountability and Transparency Act of 2006, according to a notice in today’s Federal Register.

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