In 2016, DOD IG drove:
- 48 arrests
- 171 criminal charges
- 81 debarments
- $1.5 billion in settlements for the government
DCAA, GSA, and agency IGs and COs drove numerous other penalties and settlements.
Most firms have the goal of “increasing compliance,” but the representative business case below should help shed some light on the true value of risk mitigation.
Generic contract software, ERP bolt-ons, and home rolled contracting technologies have proven
costly, risky, time consuming, and lacking core requirements of government contracting. Beware of “red flags” raised by alternative approaches to contract management. Perhaps, it is time to consider a contract management system designed specifically for government contractors.