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Federal Contractors of $25,000 and up Reporting Requirement

From our friends at Barnes and Thornburg....

On July 7, 2010, the Department of Defense, the General Services Administration, and the
National Aeronautics and Space Administration issued an interim rule requiring federal contractors to make certain disclosures regarding first-tier subcontract awards. In particular, the rule requires contractors to report first-tier subcontract awards expected to be $25,000 or more and, for certain larger government contractors, to report the executive compensation of the top five executives of both the contractor and subcontractor.

Contact our friends at Barnes and Thornburg, Janilyn Daub, (574) 237-1139. Visit them online at www.btlaw.com/laborandemploymentlaw