Beginning January 30, 2022, all prime contractors and subcontractors doing work on a government contract will be required to pay workers at least $15 per hour, based on a recent executive order.
The executive order does not stop there, beginning in 2023 the wage will go up annually. When can we expect formal guidance to come out, and what other items are found in the text?
The White House has released the final language of the Buy America Act. Our recent post looked forward to what we could expect from the final rule. Now the rule has been released, so what is in it?
The executive order promises quite a bit, and a lot of what is promised we will likely not see until 6 to 12 months down the road.
Here is what to expect now, in 6 months, and then down the road.
As we have blogged about previously, the Buy American Act has a number of exceptions and waivers. The United States spends hundreds of billions of dollars each year in contracting alone. The Buy American Act is intended to keep federal dollars in the hands of American companies and manufacturers. The president’s new executive order on these issues, proposes making some significant changes to not only the rule, but to oversight.
Our first SmallGovCon Week In Review of August is jam-packed with great articles to keep you informed on the latest and greatest (or maybe not-so-greatest) in government contracting. This month features stories on the OPM hack, the soaring popularity of reverse auctions, how procurement reform is shifting, a new executive order and a new rule that may be detrimental to contractors.