Government Contracting: Preventing False Claims and Fraud Liability
July 11, 2007
The already-complex government contracting landscape became even more daunting after two separate cases resulted in the loss of huge contracts amid allegations of false claims and fraud. Daewoo Engineering and Construction lost a $64 million government contract and AMEC Construction Management lost contract balances totaling $53 million.
At the same time, the Department of Justice launched a “national procurement fraud initiative.” There are also proposed amendments to the Federal Acquisition Regulation that require businesses with government contracts exceeding $5 million to develop a written code of ethics and business conduct, establish employee compliance training, and create internal control systems.
The heightened scrutiny on government contracts demands that federal contractors review and reconsider their policies and practices to monitor and eliminate any corporate behaviors that can raise suspicion of fraud. If proven, contractor fraud can result in contract suspension and debarment - a death knell to contractors of any size.
Our panel of government contract legal specialists is going to review corporate behaviors that can lead to allegations of contract fraud and best practices for avoiding such accusations and investigations.
David Bodenheimer is one of the panelists in this teleconference.
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