Fraud is an ever-increasing issue in the construction industry,
with 26% of UK construction companies reporting fraudulent activity
in 2023.
However, statistics show that two in five construction companies
did not report fraudulent activity to the police, meaning it is far
more prevalent than authorities think.
The most common type of fraud is changing the quality of
materials, with three in five companies experiencing this in 2023,
and this problem was (and continues to be) exacerbated by material
shortages following Brexit and the Covid-19 pandemic.
Additionally, bid rigging, falsifying expenses, invoice fraud,
bribery and stealing tools for other projects are frequent
occurrences.
