(Jacksonville Business Journal) At the rate President Barack Obama is going, the burden of being a federal contractor may soon outweigh the benefits.
The president signed an executive order Thursday that requires businesses to disclose any labor law violations over the past three years before they can receive a a federal contract. Laws covered range from wage and hour rules to safety standards. Contractors also will be required to collect this information from their subcontractors.
A senior official at each agency will provide guidance to contracting officers as to whether a company's violations are serious enough to disqualify it from receiving federal contracts.
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