The U.S. Justice Department said that New York, N.Y.-based Turner Construction will pay the government $6.6 million to settle allegations that it submitted false claims. The company cooperated in an investigation into information that Turner had received credits for bonds on dozens of federal contracts without passing the credits along to the federal government.
The contracts in question include one for the construction of the Veteran Administration’s Boston Medical Center in Massachusetts, one with the General Services Adminsitration for the construction of a courthouse in Islip, N.Y., numerous Navy contracts, and several other construction contracts or subcontracts with these and other agencies.
Turner was required by its contracts to reduce the amount it sought for bond payments or to refund to the government the credits it received from its bonding company, AON Risk Services. As part of the settlement, Turner will also forfeit claims valued at $2.8 million under contracts with the Department of Veterans Affairs and the Department of the Navy.
Topics Construction
Was this article valuable?
Here are more articles you may enjoy.
 
 
     Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports                 Viewpoint: Insurance and AI – A Double-Edged Sword
Viewpoint: Insurance and AI – A Double-Edged Sword                 Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case                 Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual                


