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ARTICLE · 23 JULY 2010

Reporting Requirements for Subcontract Awards and Executive Compensation

Perkins Coie LLP
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Under a new Federal Acquisition Regulation ("FAR") requirement, effective July 8, 2010, federal contractors must disclose first-tier subcontractor award information for contracts valued at $25,000 or more.

United StatesEmployment and HR
Eric Aaserud
Eric Aaserud
Lee Curtis
Lee Curtis
Richard Oehler
Richard Oehler

Under a new Federal Acquisition Regulation ("FAR") requirement, effective July 8, 2010, federal contractors must disclose first-tier subcontractor award information for contracts valued at $25,000 or more. In addition, contractors must report, under certain circumstances, executive compensation information for both the prime contractor and its first-tier subcontractors.

The new FAR provision broadly applies to all businesses regardless of a business's size or ownership. Further, it applies to contracts for commercial items and commercial off-the-shelf items. Finally, it applies to contracts at or below the simplified acquisition threshold (provided the contract value is $25,000 or more).

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