FAR Council Withdraws Proposed Rule On Signing and Retention Bonuses
The Federal Acquisition Regulation Council withdrew its proposed rule that would have explicitly made allowable signing and retention bonuses that defense contractors provide primarily high-tech workers. The December 2000 proposed rule was intended to help contractors attract and keep workers with critical skills. Many commentators expressed concern the proposed rule would be more restrictive than the current FAR resulting in decreased use of bonuses. After reviewing the comments, the FAR Council concluded the proposed rule was unnecessary since recruitment and retention bonuses are already allowable costs on government contracts if reasonable and allocable to them.
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