New Webinar Relates Gifts and Entertainment to Corruption

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The Construction Audit & Cost Control Institute will offer the webinar, “How Excessive Gifts and Entertainment Contribute to Corruption, Overcharge and Non-Performance” on Thursday, February 1 at 11 am CT.

Webinar - Thursday, Feb. 1 at 11:00 am - Earn 1 CPE

Do gifts and entertainment cause monitoring and review processes to be relaxed?

Webinar: How Excessive Gifts and Entertainment Contribute to Corruption, Overcharge and Non-Performance
Date: February 1, 2018
Instructor: Courtenay Thompson
Earn: 1 CPE Credit
Cost: $89
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“Avoidable problems in construction overcharge and non-performance cost construction owners millions every year,” says Courtenay Thompson, webinar presenter. “It is time for owners to explore the role gifts and entertainment play in major construction fraud.”

Corruption, bribery and pay to play in government and industry are often accompanied by exorbitant gifts and outrageous entertainment. Investigation of cost overruns, billing errors and performance issues sometimes reveals that those with responsibility for monitoring work as well as review and approval of invoices have received gifts and entertainment far in excess of what might normally be acceptable.

But what about those who are not actually bribed but who enjoy generous entertainment and gifts, including using the contractor’s vacation home? Are they influenced? Are procedures intended to protect owner interests unknowingly relaxed?

Research by Robert Cialdini, author of "Influence: The Psychology of Persuasion," indicates that gifts and favors encourage gifts and favors in return. Subconscious reciprocation may be reflected in preferential treatment, cursory inspection of work, or approval of invoices or change orders without meaningful review.

This webinar provides specific suggestions for steps to take including:

  •     Getting executives to address the impact of gifts and entertainment.
  •     Defining and communicating expectations for employees and contractors.
  •     Using gift and entertainment practices to surface problems sooner.
  •     Using best and second-best practices to reduce excess.
  •     Determining whether gifts and entertainment contributed to problems.

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Mr. Courtenay M. Thompson is a recognized authority on fraud-related training for internal auditors, management and investigators. Since entering the educational consulting field in 1981, he has written and presented courses for corporations, government and professional associations worldwide. He is the co-developer of courses on audit and control of construction costs, and has developed and presented courses on purchasing fraud and contract auditing. His courses are known for providing practical approaches to real problems.

The Construction Audit and Cost Control Institute, Inc. (CAACCI) of Dallas, Texas was created in 2008 as a resource to share information and solutions for today’s challenges in construction auditing and construction cost control. CAACCI members include project management and construction audit representatives from a wide range of private and public organizations. Visit our web site to register for any seminar or webinar. http://www.caacci.org

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