Monday, January 09, 2006

Salary limit for contractor key personnel

Page 38 (sec H-36 (d) (iv) of the new contract spells out a limit to the salaries of contractor key personnel:

(iv) Notwithstanding any other term or condition set forth in the Contract, the compensation for each of the Contractor’s Key Personnel, shall not exceed (i) $473,318 benchmark in effect at the time of Contract award (i.e., the Contract’s effective date) or (ii) the revised benchmark amount, in any subsequent government fiscal year, as determined by the applicable Determination of Executive Compensation Benchmark Amount Pursuant to Section 39 of the Office of Federal Procurement Policy (OFPP) Act (41 U.S.C. 435), as Amended, as required in FAR Subpart 31.205-6 “Compensation for Personal Services”, paragraph (p) “Limitation on allowability of compensation for certain contractor personnel.”


Q: Does "compensation" include bonuses?
(Re: Mike Anastasio's rumored annual gross of $1.3M as the new Director of LANL--incidentally, this is comparable to the rumored undisclosed amount that C. Paul Robinson of Lockheed Martin earns.)

The "transition" will cost a lot of money, because a lot of new, highly paid managers will be coming in from Bechtel (and maybe a few from UC, like Mike Anastasio), and that will cause a budget crunch at LANL in FY2006. This, coupled with fewer retirements--since many are assuming, "Thank God for UC; everything will go back to the way it was"--will mean that science will be squeezed at LANL, and the hiring freeze will also continue.
Our product is management, it would seem, at least for this next year or two.
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