Legislative Branch

Transparency in contracting costs.

Transparency in contracting costs.

Require all federal contractors to provide a statement on proportion of profit, administrative, security related overhead costs, and average salary of contracted employees in the RFP submission. OMB publish on website for all contracts.

 

OMB provide benchmarks for each category for comparison and require any contract to be within a reasonable range of the benchmark. Provide incentives for companies to reduce overhead costs over duration of contract.

 

Change rules to allow ratio of overhead/profits to be considered in addition to overall cost of the contract during competition.

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Idea No. 16682