OMB: Raise limit on executive compensation T he Office of Management and Budget late last month submitted to Congress a proposal to remove the current $200 000 limit on executive compensation as an allowable cost on contracts. OMB wants to base allowable costs on commercial compensation surveys.
Under the proposal agencies would limit an executive's compensation to the fiftieth percentile of the compensation survey.
Bert Concklin executive director of the Professional Services Council said the proposal is reasonable and less onerous than other alternatives. OMB will await Congress' review of the proposal before drafting a rule.
Procurement training planned
The Office of Federal Procurement Policy and the Federal Acquisition Institute will sponsor a series of training programs to teach federal employees about acquisition reform. Beginning March 17 the Interior Department will host demonstrations of computer-based acquisition tools that also will be available on the Internet.
Between March 20 and April 4 OFPP will present a set of discussions on various acquisition reform topics. For more information see the FAI Web page at www.gsa.gov/fai.
NIMA holds Business Opportunity Day
In an effort to increase dialogue between senior government agency officials and industry the National Imagery and Mapping Agency will hold its first Business Opportunity Day on March 18 at the Defense Logistics Agency Fort Belvoir Va.
NIMA officials will inform industry about outsourcing contracts and streamlining initiatives.Information on the NIMA Business Opportunity Day is available from Angelo Pappalardo at [email protected] and on NIMA's Business Opportunity Day home page at 188.8.131.52/org/bod/bod.html.