Change Orders: Where It Can Be a Gateway to Construction Fraud and Misconduct

Agenda Contents Introduction. 2 Understanding the scope of works. 2 The Fraud Scenarios in Change Orders. 3 Conclusion. 5   Introduction Fraud and misconduct in construction have become a pervasive problem globally, with up to $5 trillion expected to be lost to corruption by 2030. One of the areas where these illicit activities often occur is during the change order process, where individuals on the client side collude with contractors to engage in fraudulent practices. The aim of this article […]

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Successful Business Planning Using Client’s Business Model

Successful business delivery is always based on client satisfaction. Understanding your clients’ needs means loyal customers and sustainable growth. Sustainable growth is a challenge on containing market changes. Market analysis history shows patterns of market expansion and recession. According to the National Bureau of Economic Research (NBER) in the United States, there have been 11 business cycles from 1945 to 2009, with the average length of a cycle lasting about 69 months, or a little less than six years. The […]

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