Ken Van Bree, CPA, of accounting firm RubinBrown, discusses how “fraud within the construction industry is now costing an average median loss of $245,000 for organizations. Further, ACFE report that the construction industry’s median loss is approximately $90,000 higher than the average fraud losses across all industries.”
This statistic is quite alarming. Fortunately, we can help deter these fraudulent costs with technology. BuildingPoint is proud to offer CrewSight™, a workforce management solution for contractors having difficulty keeping projects’ labor costs under control or job sites that require a higher level of security . Crewsight provides construction companies an automated way of capturing this information in a scalable cloud based Workforce Management Solution for site security, safety, cost control and government compliance in a single, secure and easy-to-use web portal. Construction companies benefit greatly from knowing when and what workers are on job sites.