How to Prevent Construction Fraud
Fraud, unfortunately, occurs in every industry. It may not be entirely avoidable but there are things a contractor or construction company can to help prevent some incidences from occurring. Often, companies do not catch fraud early on because they have too many employees, projects, sites, supplies, and more, going on that they are unable to see the signs of fraud.
In the construction industry, people can be fraudulent by stealing time, whether they leave early, show up late, or take too many or too long of breaks. People also can alter time sheets and get paid for time they didn’t work which can cost a company money. How can you prevent this? Security cameras can help show when employees are truly clocking in and out to see if timesheets are accurate.
The construction industry can be full of dangerous jobs and some employees steal from companies by faking injuries. With an injury, an employee can get paid without doing work, so people fake injuries to get paid for something nothing. Reporting injuries causes a company’s workers compensation benefits to increase. Security cameras at job sites will be able to record if an employee actually harmed themselves on the job.