Procurement Fraud

The continuous outsourcing of goods and services by the government has resulted in fraud within the acquisition lifecycle of a product or service.Government procurement fraud can occur any time the government enters into a contract with a private entity. There is a multitude of ways that procurement fraud can be committed.

The following forms of government procurement fraud are the most typical:

  • Bid rigging/bid splitting to secure contracts
  • Overcharging for goods, services, or labor
  • Creation of shell companies to facilitate fraudulent payments
  • Collusion between suppliers
  • Improper product substitution
  • Worthless or sub-standard products
  • S. Trade Agreements Act compliance
  • Inflation of costs and charges

As a result of the overwhelming volume of procurement transactions, and the fact that fraud is often embedded in a contract making it difficult to spot, the False Claims Act has become an increasingly powerful tool in helping to identify fraud, waste and abuse in government contracting.

Contact us or call 800-533-1015 for a free consultation today.

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