Page:United States Statutes at Large Volume 124.djvu/3716

 124 STAT. 3690 PUBLIC LAW 111–350—JAN. 4, 2011 (4) FISCAL YEAR.—The term ‘‘fiscal year’’ means a fiscal year a contractor establishes for accounting purposes. (5) PUBLICLY-OWNED UNITED STATES CORPORATION.—The term ‘‘publicly-owned United States corporation’’ means a corpora- tion— (A) organized under the laws of a State of the United States, the District of Columbia, Puerto Rico, or a posses- sion of the United States; and (B) whose voting stock is publicly traded. (6) SENIOR EXECUTIVES.—The term ‘‘senior executives’’, with respect to a contractor, means the 5 most highly compensated employees in management positions at each home office and each segment of the contractor. (b) DETERMINING BENCHMARK COMPENSATION AMOUNT.—For pur- poses of section 4304(a)(16) of this title and section 2324(e)(1)(P) of title 10, the Administrator shall review commercially available surveys of executive compensation and, on the basis of the results of the review, determine a benchmark compensation amount to apply for each fiscal year. In making determinations under this subsection, the Administrator shall consult with the Director of the Defense Contract Audit Agency and other officials of executive agencies as the Administrator considers appropriate. § 1128. Maintaining necessary capability with respect to acquisition of architectural and engineering services The Administrator, in consultation with the Secretary of Defense, the Administrator of General Services, and the Director of the Office of Personnel Management, shall develop and implement a plan to ensure that the Federal Government maintains the nec- essary capability with respect to the acquisition of architectural and engineering services to— (1) ensure that Federal Government employees have the expertise to determine agency requirements for those services; (2) establish priorities and programs, including acquisition plans; (3) establish professional standards; (4) develop scopes of work; and (5) award and administer contracts for those services. § 1129. Center of excellence in contracting for services The Administrator shall maintain a center of excellence in con- tracting for services. The center shall assist the acquisition commu- nity by identifying, and serving as a clearinghouse for, best practices in contracting for services in the public and private sectors. § 1130. Effect of division on other law This division does not impair or affect the authorities or respon- sibilities relating to the procurement of real property conferred by division C of this subtitle and chapters 1 to 11 of title 40. § 1131. Annual report The Administrator annually shall submit to Congress an assess- ment of the progress made in executive agencies in implementing the policy regarding major acquisitions that is stated in section 3103(a) of this title. The Administrator shall use data from existing management systems in making the assessment.