On April 27, 2021, President Biden signed an executive order increasing the hourly minimum wage for those working on or in connection with federal contracts from $10.95 to $15.00 per hour effective January 30, 2022.
All agencies must incorporate the $15.00 minimum wage rate into covered contract solicitations effective January 30, 2022. Effective March 30, 2022, all agencies must incorporate the minimum wage into new contracts and any existing contracts when the agency exercises its right to extend such contracts.