Government Procurement Contract Fraud Crackdown

Given the increase in government procurement contract fraud activity, in 2006, the National contract government procurement Fraud Task Force was formed to promote the early detection, identification, prevention, and prosecution of procurement contract fraud.  Government contractors are more exposed to investigations and are finding themselves facing more criminal charges and jail time. The… Read more »

Basic Difference Between a Bilateral Contract and a Unilateral Contract

A Unilateral contract is vastly different from a bilateral contract. The elements of a contract are previously discussed in our Contracts article.  There are two main types of contracts: bilateral and unilateral. A Promise for Performance. By comparing the difference between Bilateral and Unilateral Contracts, a bilateral contract constitutes a… Read more »