Corruption in Construction Worldwide?

What makes construction so prone to shady dealings? One reason is simply that governments are such huge players in the industry. Not only are they the biggest spenders on infrastructure; even private projects require government approvals, permits, worksite inspections, and the like. The more rules you have, and the more people enforcing them, the more opportunities there are for corruption. And, in many countries, the process of awarding contracts and permits is opaque. As Erik Lioy, a forensic accountant and fraud expert at Grant Thornton, said “When it’s not clear how projects get approved, people assume the worst, and that provides incentives to do a bribe or kickback.”  Corruption in Construction Worldwide

Construction at Sochi

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