AGC Submits Recovery Act Comments to Office of Management and Budget
On June 22, AGC submitted to the Office of Management and Budget (OMB) written comments for consideration in the interim final regulation on federally-assisted projects. These projects would include building, highway and municipal and utility projects funded by the stimulus. Read AGC’s comments here.
OMB issued guidance on April 23 establishing government-wide guidance and standard award terms for agencies to include in financial assistance awards (namely, grants, cooperative agreements and loans) as part of their implementation of the Recovery Act. AGC is currently reviewing new guidance issued by OMB on June 22 to determine any significant changes to the April 23 guidance and its impact on the construction industry.
For more information, contact Marco Giamberardino at (703) 837-5325 or firstname.lastname@example.org.
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