The Obama administration and some lawmakers have tried to change the compensation amount to better match top federal officials' salaries, but have been unsuccessful.
Reducing government costs is in everyone's best interest, writes Stan Soloway, but too much emphasis on cutting margins will only hurt government and industry in the long run.
Knowledge is the No. 1 criterion -- of the client, the competition and your company -- when determining whether or not to bid on a federal contract. Do you have what it takes?