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Whistleblower Suit Against Lockheed Martin Leads to $29 Million Settlement

Whistleblower Network News

Department of Justice (DOJ) announced that Lockheed Martin Corporation agreed to pay $29 million to settle allegations that it violated the False Claims Act through defective pricing on contracts for F-35 military aircraft. The settlement resolves allegations brought forward by a whistleblower in a qui tam lawsuit.

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Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits. 3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4]

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The nexus between data management tools, transparency and procurement policy

Federal News Network

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. Coalition members generally support the use of these new data management technologies.

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Mastering IP Negotiations in Government Subcontracts: 7 Best Practices

Public Contracting Institute

It’s important to know how to handle IP negotiations the right way. It’s crucial to know the key rules and clauses that apply to IP in these contracts. For instance, DFARS clauses often address technical data rights, while FAR clauses may focus on software and inventions.

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Whistleblower Receives $900,000 for Alleging Army Contracting Fraud

Whistleblower Network News

and its subsidiaries will pay $5 million to settle charges that they violated the False Claims Act (FCA) “by falsely overstating cost or pricing data included in a subcontract proposal for work under a contract with the U.S. Department of the Army.” Attorney Dawn N. government.

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GSA contracting officers are driving schedule holders crazy

Federal News Network

They say contracting officers are trying to re-negotiate finished contracts and making unreasonable demands for information. What are contracting officers actually doing, that the contractors are complaining about? Six months (or) a year later, a company comes in and asks for a contract modification.

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How to Avoid Truth in Negotiations Act TINA Pricing Criminal Liability

Watson & Associates

Watson, Government Contracts and Procurement Fraud Attorney: The Truth in Negotiations Act (TINA), also known as Public Law 87-653, is a U.S. 254b that requires government contractors to submit cost or pricing data in their bids and to certify. federal law, 10 U.S.C. 2306a, 41 U.S.C.