Ken Van Bree | Construction Executive | October 13, 2019 Here’s an attention-getting statistic: A typical case of fraud in the construction industry has a median loss of $227,000, according to the 2018 Report to the Nations issued by the Association of Certified Fraud Examiners (ACFE) on occupational or internal fraud. This report further showed that… Continue reading Avoid Five Common Fraudulent Schemes Used in Construction
Tag: construction industry
OSHA’s Top 10 Most Cited Violations – For the Construction Industry
Below is the list of the most cited OSHA violations for the construction industry (NAIOS Code 23 Construction) for Fiscal-Year 2014 (October 2013 – September 2014), included are the title and standard number along witht the top 10 rank for the previous year and the number of citations. 1 – FALL PROTECTION Standard Number 1926.501… Continue reading OSHA’s Top 10 Most Cited Violations – For the Construction Industry
Binding Bids
The construction industry operates by word-of-mouth to a great extent. Therefore the question: How binding is someone’s word. A typical example of verbal arrangements in the construction industry is subcontractor bidding. In typically last-minute preparations of their bids contractors and subcontractors rely on verbal prices from subcontractors and material/equipment suppliers. The contractor or subcontractor involved… Continue reading Binding Bids