Effective June 17, 2012, the prevailing health and welfare fringe benefits required by the McNamara-O’Hara Service Contract Act (SCA) increased from $3.59 to $3.71 per hour. The Department of Labor (DoL) issued Memorandum Number 211 on June 11, 2012, announcing the change. The new benefit rate is derived from the latest DoL Bureau of Labor Statistics, Employment Cost Index, summary of Employer Cost for Employee Compensation. Don’t let the increase impact your bottom line – know your rights as a federal contractor. It is important that you review your contract and determine if this increase impacts your contracts and may result in the need for a modification.
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What We Are Writing
- A Marriage of Inconvenience: GSA Schedule Contracts & The Contractor Code of Business Ethics & Conduct Clause
- Emerging Small Businesses: To Grow Your Business, You Must Plan For Growth
- Government Contracting: Look Before You Leap!
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- New Employee vs. Independent Contractor Considerations
- Pay on Display – Understanding the Executive Compensation and Subcontractor Data Reporting Requirements & Ramifications
- The GSA Schedule: Your Ticket to the Federal Market (May 2010)
- The New FAR Codes of Conduct and Compliance Program Provisions
- The Seven Deadly Sins (of contract compliance)