Fraud in Construction is Preventable and Manageable
Updated: Mar 6
In construction, fraud is as prevalent on the jobsite as it is from one's own employees, vendors, real and fake, and from material suppliers and dishonest contractors. For those who say, "Not Me, ... I say, just wait." Ask, and I'd be happy to provide you with real world examples.
If you’ve worked for several years to build a prosperous company, rest assured, there are bad actors out there who at a moment's notice are ready and willing to steal from you. The question then becomes, "What is your risk tolerance?" In other words, how much are you willing to lose before taking action?
Jerry Ipsen of Ipsen Due Diligence is the right choice for those concerned about keeping theirs or the client’s money safe from fraud and maintaining the company's good reputation. Jobsite visits and fraud audits are essential to a strong risk management program. Acting early on suspicions of fraud could result in huge cost savings. In good times and in bad, people will always be there. Some to steal, some to help and some who will sit by and do nothing.