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.

Some subtractors will overbill for work that wasn’t performed. The best way to prevent fraudulent subcontractors is to find one with good recommendations/reviews and one with a license and proof of insurance.

Other ways to prevent fraud in the workplace:

• Conduct background screenings.
• Monitor activities of the business – have multiple people do this.
• Review invoices.
• Review itemized payment applications.

Fraud can be common in construction, which is why it should never be a shock to anyone. You want to do as much as you can to prevent fraud, so you won’t lose or fall behind financially. While it is amazing how common fraud is in the construction field, it shouldn’t be of any surprise to any company.  That is why every company will want to make sure that they have all their bases covered, so that they do not suffer needlessly while losing revenue in the future.

Looking to get your contractor license? As a contractor licensing company, we can help you get your contractor license in any state. We have helped thousands of contractors across the United States get licensed. It is illegally in many states to work unlicensed. You will find jobs faster and be trusted more easily with a license.

After speaking with you by phone or email, we will help you complete your contractor license application and will send it to the Construction Licensing Board on your behalf to get you approved.  We do the work for you and let you know what we need from you in order to complete the application correctly.

To get your contractor license, click our Florida contractor license  page to get started with us or call us at  239-777-1028.