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Recognizing and combating construction fraud

from Construction Dive

Construction fraud — it happens in owner-contractor and contractor-subcontractor relationships, and it's committed by employees of any type or size of contracting firm. Last year’s Kroll Annual Global Fraud and Risk Report showed that 70 percent of construction companies experienced at least one incidence of fraud in 2016. The number was 75 percent in 2015, so a 5 percent reduction of such a high percentage isn't much to celebrate. more

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