The construction industry is recognised as the most dishonest industry in the world due to its low-cost mindset, fierce competition, and razor-thin margins (Transparency International, 2005), creating the ideal atmosphere for ethical difficulties (FMI, 2004). This industry is regarded as one of the most vulnerable to unethical behaviours because of the huge capital investments required, which provide the large-scale potential for rent extraction as well as investments that are typically not repurposed after implementation. Unethical behaviour can occur at any stage of a construction project, including planning and design, pre-qualification and tendering project execution, and operation and maintenance (Adnan et al., 2012). Identify FOUR (4) factors affecting the unethical issues in the construction industry. Explain it briefly and include example
The construction industry is recognised as the most dishonest industry in the world due to its low-cost mindset, fierce competition, and razor-thin margins (Transparency International, 2005), creating the ideal atmosphere for ethical difficulties (FMI, 2004). This industry is regarded as one of the most vulnerable to unethical behaviours because of the huge capital investments required, which provide the large-scale potential for rent extraction as well as investments that are typically not repurposed after implementation. Unethical behaviour can occur at any stage of a construction project, including planning and design, pre-qualification and tendering project execution, and operation and maintenance (Adnan et al., 2012).
Identify FOUR (4) factors affecting the unethical issues in the construction industry. Explain it briefly and include example
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