No construction company is safe – Fraud continues to impede projects, threaten profits
Abstract: Compared to the risks construction companies face every day on their jobs, fraud may seem a relatively small danger. It isn’t. Construction companies that are victims of fraud experience a median loss of $330,000, according to the Association of Certified Fraud Examiners (ACFE). This article looks at some of the “hot” forms of fraud to watch out for and suggests some measures to prevent these crimes and others.