The U.S. government takes procurement fraud seriously. When doing business with the federal government, companies must adhere to numerous statutes and regulations designed to eliminate such fraud. Categories of procurement fraud include mischarging, defective pricing, product substitution, eligibility for set asides, procurement integrity, failure to comply with the Buy American or Trade Agreement Acts, conflicts of interest and bribery. In addition, government contractors must comply with specific socioeconomic programs, export control and anti-bribery laws.
Understanding compliance regulations applicable to your company is essential if you do business with the government. Taking such requirements seriously is critical. Failure to comply can result in the loss of your ability to compete for government contracts and expose you to civil fines and possibly imprisonment.
If you need regulatory and compliance support for your government contracts you can be assured that I will provide you with appropriate, timely, and relevant advice and guidance at an affordable price.
I welcome you to contact me to discuss regulatory compliance and ethics in government contracting.