Using Technology to Head off Construction Fraud
Reported by Kim Slowey, Construction Dive
While it might seem like there are new cases of construction fraud reported practically every week, the good news is that the construction industry is pretty far down on the list of businesses affected by fraudulent acts by employees and subcontractors. Banking and finance, according to the Association of Certified Fraud Examiners (ACFE), followed by manufacturing, government and public administration, health care, retail, insurance, education and energy industries all have more incidents than construction does.
The bad news is that even though the construction industry doesn’t lead the pack, it is still impacted significantly by fraud."
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