News

OMB Publishes Updated Guidance to Agencies for Implementing the American Recovery and Reinvestment Act of 2009

In addition to the guidance to Federal contractors issued by the FAR Councils last week, the Office of Management and Budget (OMB) published Implementing Guidance for the American Recovery and Reinvestment Act of 2009. This updated guidance applies to Recovery projects that are federally-assisted (grants, SRF loans, etc.) rather than directly funded by the federal government. It seeks to clarify many key positions including the applicability of Buy America provisions, and reporting requirements. Updates to the guidance are based on ongoing input received from the public, Congress, state and local government officials, grant and contract recipients and federal personnel. AGC is currently reviewing this guidance in detail to determine its impact on construction contractors performing work funded by the recovery plan and will update AGC members on the findings. For more information, contact Marco Giamberardino at (703) 837-5325 or giamberm@agc.org.