Employee Benefits Standards in Government Contracting Act of 1988

[AI summary unavailable — showing source text] Employee Benefits Standards in Government Contracting Act of 1988 - Requires that certain contracts between the United States and private contractors and subcontractors require the contractor to provide certain pension and health benefits to its employees. Declares that Federal contracts or subcontracts are covered by this Act if they are in excess of $25,000 and involve employment in connection with: (1) construction, alteration, or repair (including painting or decorating) of Federal public buildings or Federal public works within the United States; or (2) the manufacture or furnishing of materials, supplies, articles, or equipment. Prohibits any contract or subcontract subject to this Act from being awarded on the basis of a bid that contains specifications concerning uncompensated overtime. Requires Federal agencies to provide a cost-savings impact statement (along with the specifics of the award) demonstrating that the services performed under the contract or subcontract could not have been performed at least as effectively and economically by the Federal Government, whenever such Federal agency awards a contract or subcontract which: (1) is required to meet the pension plan a…