Contractors Given OK On High-Tech Worker Bonuses

By Thomas Duffy / December 28, 2000 at 5:00 AM
The Defense Department announced today that financial bonuses offered by defense contractors for recruiting and retaining high-tech workers will now be considered an allowable cost under revised government regulations. Current federal acquisition law does not disallow these types of bonuses but does not clearly spell out their status, according to a Federal Register notice posted today by DOD and several other government agencies. "Due to the tight labor market, companies doing business with the Government often must provide recruitment and...

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