For those of you who follow NCMA Collaborate topics, you may have noticed that there was a recent discussion (https://collaborate.ncmahq.org/discussion/executive-compensation-reporting) related to Executive Compensation. The back-and-forth highlighted some of the confusion that Primes and first-tier Subs face regarding this subject. The wording leaves room for interpretation, which typically means that Primes take a conservative approach and request more than they perhaps should.
If you find the requirements to be unclear, take a minute and provide feedback to the OMB through their request for comments here:
Some suggestions:
- Focus on perceived ambiguities. For example, you might say something like this (hint, hint…)
- Do not comment on how awful (or wonderful, I guess…) you feel the requirement is. It’s a matter of law and no commentary has the power to change it.
- Do not comment on whether the average reported requirement of 2 hours per month is accurate for providing reports. This part is settled and it is what it is.
You have until September 12th. Providing a comment takes just a few minutes and it might simplify your monthly reporting process!
While we’re on the topic, you should also know that SpendLogic includes a report generation engine that allows you to pull and report on anything included in the system. Want to get a quick list of which purchase orders were released last month in excess of $30K, the recipient, their contract numbers, and their values? SpendLogic can do that!
Request a quick fifteen minute demo here and we’ll show you how SpendLogic will streamline and automate your daily procurement efforts.
