Contractor ethics rule is proposed.
Federal contractors receiving awards worth more than $5 million would be required to establish a written code of ethics Code of Ethics can refer to:
The rule would establish unspecified "remedies" if a contractor falls to comply.
Release of the proposed rule follows several highly publicized pub·li·cize
tr.v. pub·li·cized, pub·li·ciz·ing, pub·li·ciz·es
To give publicity to.
Adj. 1. publicized - made known; especially made widely known
publicised cases of procurement irregularities, including bribery bribery
Crime of giving a benefit (e.g., money) in order to influence the judgment or conduct of a person in a position of trust (e.g., an official or witness). Accepting a bribe also constitutes a crime. , and comes as the Democrat-controlled Congress is stepping up oversight of federal contracting.
A company would be required to have an ethics code and training if it receives a contract worth more than $5 million that has a performance period of 120 days or more.
Those companies would be required to display in their workplaces a poster advertising the contracting agency's fraud hotline.
The same requirements would apply to subcontractors.
The FAR councils said the rule would not apply to commercial item contracts under FAR Part 12 "because ethics programs and hotline posters are not standard commercial practices."
The Departments of Defense and Veterans Affairs Veterans Affairs is a term of the business that deals with the relation between a government and its veteran communities, usually administered by the designated government agency. and the Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and already have policies for contractor codes of ethics and business conduct.
The proposed rule is FAR Case 2006-007. Comments are due April 17.