Construction fraud clean-up highlights need for risk mitigation

| 0 Comments
construction_investigation.jpgThere is high risk of severe penalties for the construction firms implicated in the Competition Commission’s government contract price-fixing investigation.

The Commission says 21 firms have applied for leniency, but that another 25 have been implicated in collusive price-fixing for large government contracts.

The scale of the fraud highlights, once again, the desperate need for procurement professionals to implement and monitor risk mitigation as well as meet the required regulations, Rudi Kruger of LexisNexis Risk Management told SmartProcurement.

The Commission is expected to wrap up within the next few months its 2½-year probe into 300 projects worth R30-billion.

The State has "a substantial dossier of information on improper conduct" and the government would be cracking down on corruption, tender fraud and price fixing in the infrastructure programme in 2013, said President Jacob Zuma during his State of the Nation address.

Meanwhile, Justice Minister Jeff Radebe suggested naming and shaming corrupt government officials. "Sometimes numbers need to be attached to actual persons and it will help in the fight against corruption," he told journalists at a post-State of the Nation Address in Pretoria.

RudiKruger.jpg

For procurement professionals it is critical to implement the necessary processes and have the tools available to implement a risk mitigation policy, said Kruger.

Furthermore, they need a solution that can assist them to meet the required regulations of various industries. This will protect organisations and procurement professionals’ own reputations.

For more information on systems that assist with implementing and monitoring risk mitigation policies through identifying conflicts of interest; pass-through schemes; shell company schemes; and tender fraud email LexisNexis on contact@lnrm.co.za.

Leave a comment


 

 

Career opportunites

Tutor and Coordinator

  • Gauteng Operations, Planning & Inventory Permanent Procurement Management Supplier / Business Development
Purpose of the job: To plan, coach, advise

Commodity Manager

  • <500 000 Commodities Gauteng Procurement Management
Are you a Commodity Manager looking for the

Supply Chain Professional

  • <500 000 Gauteng Procurement Management Supply Chain
I specialize in placing professionals in the Supply

Supply Planning

  • <500 000 Gauteng Operations, Planning & Inventory Supply Chain
Seeking dynamic candidates to take to the market

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer Procurement Consultant
Are you an Industrial Engineer looking to make

Logistics Manager

  • >500 000 Gauteng Logistics & Warehousing Supply Chain
Seeking vibrant industry specific individuals seeking new opportunities

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Procurement Management
Looking for an Operations Manager to take into

Supply Chain Systems Administrator

  • >500 000 Gauteng Procurement Management Strategic Sourcing Supply Chain
One of South Africa's leading, mining companies is

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Procurement Management
Are you an experienced Logistics Manager looking for

Continuous Improvement Manager

  • >500 000 Gauteng Procurement Management Supply Chain
I specialize in placing professionals in the Supply

Warehouse Assistant

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory
I am currently looking for ambitious Demand Planner,

Internal Procurement Officer

  • <500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Position Available: Internal Procurement Officer Status : New ...More

Supply Chain Officer

  • <500 000 Gauteng Procurement Officer / Specialist Supply Chain
Seeking dynamic candidates to take to the market

Supply Chain Planner

  • <500 000 Free State Operations, Planning & Inventory Supply Chain
Seeking dynamic candidates to take to the market

Senior Buyer

  • >500 000 Buyer Gauteng Procurement Management
Tech-Pro specialises in placing professionals in the Supply

Industrial Engineer

  • <500 000 Gauteng Industrial Engineer
Tech-Pro specialises in placing professionals in the Supply

Warehouse Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Supply Chain
Seeking hands on individuals that come from an

Manufacturing Purchasing Specialist

  • >500 000 Procurement Officer / Specialist Supply Chain Western Cape
A leading auto manufacture company based in Cape

Procurement Sourcing Specialist

  • <500 000 Gauteng Procurement Consultant Strategic Sourcing
A Leader in the Supply Chain industry is

Planning Manager

  • >500 000 Gauteng Operations, Planning & Inventory Procurement Management
Looking for Planning Managers to take into the