Good morning FUN with the FAR Friends!
Thank you for joining us for another great episode of FUN with the FAR! Episode 14 covered: FAR PARTS 22 AND 23. As a follow-up to Wednesday’s session, here are a few facts to ponder as we prepare for our next session of Fun with the FAR:
DID YOU KNOW?
Agencies shall remain impartial concerning any dispute between labor and contractor management and not undertake the conciliation, mediation, or arbitration of a labor dispute. FAR 22.101-1(b)(1).
DID YOU KNOW?
As a general rule, contractors are required to perform contracts, so far as practicable, without using overtime. FAR 22.103-2.
DID YOU KNOW?
CO approval of payment of overtime premiums is required for time-and-material and labor-hour contracts but is not required for paying premiums under other types of contracts (such as cost reimbursement contracts). FAR 22.103-4(c) and (d).
DID YOU KNOW?
Contractors who fail to properly pay non-exempt employees overtime are subject to liquidated damages. FAR 22.302(a).
DID YOU KNOW?
The Davis Bacon Act (now referred to in the FAR as “Wage Rate Requirements (Construction)”) is a minimum wage statute applicable to federal construction contracts in excess of $2,000. FAR 22.403-1.
DID YOU KNOW?
The Service Contract Act is applicable to all contracts for services valued greater than $2,500. FAR 22.1002-1.