contract

Contractor
Alisha Lees , , , , , , , ,

Australia Contractor Downer Faces Class Action Lawsuit for Misreporting on Contract

Australian contractor Downer said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain information about a maintenance contract in its domestic utilities business.

Downer is currently under investigation by New South Wales’ Independent Commission Against Corruption (ICAC) for some of its employees allegedly taking kickbacks and favoring certain sub-contractors for a contract awarded by Transport for NSW, the state’s transport authority.

In February, the Sydney-headquartered company said it had misreported the earnings from this contract, with post-tax earnings inflated by about A$22.2 million ($14.82 million) between April 2020 and June 2022.

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Alisha Lees , , , , ,

Increased contract spending a boon for small businesses

Last year’s big spending at the Pentagon will continue this year, with small business getting more opportunities to share in the wealth. Defense contract spending rose 6.7% in 2022, hitting its second highest annual total at $436 billion, according to a report from Bloomberg Government. The spike in unclassified procurement resulted from numerous factors including inflation, weapons exports, the federal COVID-19 response, the war in Ukraine and defense infrastructure spending. It represented a rebound from…

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Last year’s big spending at the Pentagon will continue this year, with small business getting more opportunities to share in the wealth. Defense

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Alisha Lees , , , , , , ,

DoD builds AI tool to speed up ‘antiquated process’ for contract writing

The Defense Department is testing out an artificial intelligence tool to help the agency write contracts and speed up the federal acquisition process.

DoD’s Chief Digital and AI Office is prototyping an AI-powered contract-writing capability, called “Acqbot,” as part of its Tradewind initiative. 

DoD created Tradewind as its capability to develop and fund solutions to challenges in fielding AI and machine learning, as well as digital and data analytics tools.

Bonnie Evangelista, the Tradewind execution…

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The Defense Department is testing out an artificial intelligence tool to help the agency write contracts and speed up the federal acquisition process.

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Alisha Lees , , , , ,

Contractors eye a report about contract management by the GSAIG

The General Services Administration’s inspector general has found that the agency’s Federal Acquisition Service does not follow its own policies. Some contractors say they’ve sensed that for a while now. For some analysis, the Federal Drive with Tom Temin talked with Federal Sales and Marketing Consultant Larry Allen.

Larry Allen
Tom, the IG does have a history of passing its own judgment on the operations of the rest of the General Services Administration. Sometimes industry, kind of, takes a jaundiced view, maybe, of what the IG says. But in this case, I think the inspector general got it exactly right.

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