Small Business Primes with Subcontracts
If the federal government awards your company with a prime contract information about your five most highly compensated employees typically becomes public. Many small businesses award direct (Cost of Goods and Services Sold) subcontracts under prime contracts. Information about the five most highly compensated employees of each such subcontractor also becomes public. Small businesses are not exempt.
In a push toward spending transparency, the federal government reports prime contracts under the Federal Funding Accountability and Transparency Act (FAR 4.14) and requires that prime contractors report most subcontracts under those prime contracts. Data is recorded in the Federal Procurement Data System (FPDS) with access to the public. For each subcontract with reported data, subcontractor-employee compensation is also required.