The nature of the construction industry provides any number of opportunities for corruption and bribery, and Canadian companies are not immune. There is often a lack of transparency in reporting on levels of value and performance for money actually achieved. Capital project owners may have difficulty defining criteria to determine the best contractor or supplier for a particular project. As a result, an environment still exists where individuals can influence the process and outcomes.
Vigilance in combating the problem is necessary. Canadian engineering and construction companies need to balance the opportunities of operating in markets outside of their home territories with the corresponding higher risk of corruption.
How PwC can help
Our Canadian Engineering and Construction practice has the experience and global network to help you address the myriad challenges surrounding corruption, bribery and other forms of economic crime. Our industry specialists are augmented by a full suite of risk advisors, as well as those who work in the areas of anti-money laundering and forensic investigations. Contact us today to find out how we can help you address your economic crime concerns.
For more information, read our publication Economic Crime: People, Culture & Controls — Engineering and Construction Industry Supplement.