In October the Department of Justice released its FY 2012 data on civil FCA settlements. The data shows a surprising uptick in civil FCA settlements from prior years. In Government Fiscal Year (GFY) 2012, civil FCA settlements totaled $4.9 billion, which represented an overall increase of 62 percent from GFY 2011. Continue reading Insight into the Department of Justice False Claims Act GFY 2012 Settlement
Berkeley Research Group (BRG) Government Contracting experts are proud to launch the GovCon Insight blog. The government contracting marketplace is constantly evolving; as federal budgets shrink, organizations receiving federal funds will be subject to increased scrutiny, oversight, and regulations.
GovCon Insight will provide contractors with a resource that contains timely insight and analysis of regulatory updates, audit trends, and current news that impact organizations receiving federal contracts, grants, and cooperative agreements.
The views expressed in this article are those of the authors and do not necessarily reflect the position or policy of Berkeley Research Group, LLC.
By: Ryan Byrd
On January 10, 2013, Deputy Secretary of Defense Ashton Carter issued a memorandum for the secretaries of the various military departments regarding the handling of the budgetary uncertainty in fiscal year 2013.
In the memo, Mr. Carter identifies two sources of the budgetary uncertainty: the Continuing Resolution (CR) and the potential of the deferred sequestration. The CR holds the operating funding for the DoD at FY 2012 levels and could be extended to the end of the fiscal year if Congress does not enact appropriations bills for FY 2013. The potential sequestration could occur as early as March 1, 2013.
By: Matt Franz
On January 22, 2013, the GAO issued a report on its review of DoD contractor pension costs. The review was performed in response to an increase in pension costs since the 2008 market downturn and the prospect of recent changes to Cost Accounting Standards (CAS) and Employee Retirement Income Security Act (ERISA) rules regarding the calculation of pension costs potentially resulting in further cost increases.