As a reminder, 'compensation' in this context includes wages, salary, bonuses, deferred compensation, and employer contributions to defined contribution pension plans (see FAR 31.205-6(p)(1)(i)).
A discussion on what's new and trending in Government contracting circles
Wednesday, December 15, 2021
Contractor Compensation Cap for 2022
The Office of Federal Procurement Policy (OFPP) recently published the contractor compensation cap amount for 2022. The cap, for costs incurred between January 1 and December 31, 2022 is $589,000 and applies to all employees on contracts awarded after June 24, 2014.
Posted by Paul D. Cederwall at 3:28 PM
Labels: compensation caps, far 31.205-6(p)
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