Whistleblowers who report government contractor fraud can receive a monetary reward of 15–30% of the government's recovery. This reward is part of the False Claims Act (FCA), which is the primary law used to combat fraud against the government.
When I worked for Federal govt, if a suggestion was adopted, you would get some percentage of the first year savings, up to a maximum of $10,000. When I submitted suggestions, it seemed like the only ones that ever got adopted were safety-related; you couldn't assign a dollar value to those, but you did get some kind of certificate :)
0.1% would be only 40K. Not to be sneezed at but people need to be encouraged to find smaller amounts of savings too and lower amounts would not result in much of a reward. Few people are going to be able to find multi-tens of millions.
1% of $40M is 400K. That's a lot and we are trying to stop excessive spending. I agree that they deserve a finder’s fee, but it needs to be capped at some smaller, but still generous, amount.
Frankly if you save the taxpayer $40million you deserve 400K! For smaller savings you'd get less. These are unique extraordinary times which need extraordinary solutions.
They ought to offer the one who gives the tip a 1% finders fee :-D
I agree.
Normally, I believe it is about 15%-30%. Not sure how it is working in this situation.
Whistleblowers who report government contractor fraud can receive a monetary reward of 15–30% of the government's recovery. This reward is part of the False Claims Act (FCA), which is the primary law used to combat fraud against the government.
When I worked for Federal govt, if a suggestion was adopted, you would get some percentage of the first year savings, up to a maximum of $10,000. When I submitted suggestions, it seemed like the only ones that ever got adopted were safety-related; you couldn't assign a dollar value to those, but you did get some kind of certificate :)
Shoot, I'd take 0.1%. $217,000.00 is still a chunk of change.
Non taxed though…non taxed
Agreed
0.1% would be only 40K. Not to be sneezed at but people need to be encouraged to find smaller amounts of savings too and lower amounts would not result in much of a reward. Few people are going to be able to find multi-tens of millions.
1% of $40M is 400K. That's a lot and we are trying to stop excessive spending. I agree that they deserve a finder’s fee, but it needs to be capped at some smaller, but still generous, amount.
Frankly if you save the taxpayer $40million you deserve 400K! For smaller savings you'd get less. These are unique extraordinary times which need extraordinary solutions.