Title: What is Government Contract Fraud? - Federal Lawyer
Headings: What is Government Contract Fraud?
What is Government Contract Fraud?
Experienced Defense Team
Definition
Types of Government Contract Fraud
Statutes and Related Provisions Combating False Statements to the Government
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Content: Compliance fraud: Government contracting has a complex set of compliance requirements. If a company falsely certifies that it is in compliance with those requirements, it has engaged in compliance fraud. To prevent this, there are numerous reporting, auditing, monitoring, and reporting requirements imposed on companies. These companies must also maintain fraud-prevention and monitoring plans. Cross-charging and mischarging: When a company with more than one contract engages in conduct to shift costs from one contract to another in order to increase its profits, it has committed cross-charging or mischarging. Specifically, cross-charging occurs when a company performs work on one contract and charges the costs of this work to another contract. Mischarging occurs when a company inflates its costs charged to the government usually by including labor, material, or other costs that are greater than the costs that the company actually incurred. Both cross-charging and mischarging are done to gain a financial advantage to the benefit of the company engaging in such offenses.