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"The World Bank in 2003 estimated the cost of corruption to the global economy at US $1.5 trillion a year (representing 5% of the world economy).

Corruption in the C&E (construction and engineering) industry can be materially reduced if all sectors involved in the industry take effective anti-corruption action."


Transparency International (UK) Anti-Corruptive Initiative in the Construction and Engineering Industry, September 2004



INTEGRIBUILD TEAMS WITH GLOBAL COMPLIANCE SERVICES

Integribuild and Global Compliance Services, an international provider of compliance programs and services, have joined forces to deliver a hotline service that will be available to all project stakeholders. “We are excited about the Integribuild partnership and the opportunity to drive ethics and compliance within the critical and under-served construction industry,” states Nick Ciancio, Vice president of Marketing for Global Compliance Services. “We fully expect to expand the initial offering to include other services within our integrated product and service portfolio.”

Full text of press release (PDF)

Global Compliance Services website

 

ETHICAL PRACTICES IN THE CONSTRUCTION INDUSTRY SURVEY

FMI and CMAA, prodded and assisted by Integribuild, recently released the results of an ethical practices in the construction industry survey and the findings are nothing short of jaw-dropping.

The cost of unethical behavior costs owners and contractors between $5,000 and $50,000 for every $1,000,000 spent - that means that globally, industry-wide unethical behavior in our industry is a $40 billion problem.

85% of the respondents say there should be an industry-wide code of ethics.

93% of the respondents want more training on ethics.

84% said that, in the last year, they had "experienced, encountered, or observed industry-related acts or transactions that they would consider unethical."

Download Survey

 

SEND US NEWS

Has your organization implemented a Code of Conduct? Have you delivered best practices training? Do you have a real-life, construction industry example of someone who, facing an ethical dilemma, made the "right" decision? How about best practices or industry ethics news we may have missed? Send an email to news@integribuild.com with links or any relevant information and we will do our best to publish the news item or provide a link on our site.


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