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Construction Monitoring Needed to Help Prevent Fraud

Construction Monitoring Needed to Help Prevent Fraud

AUGUST 13, 2012

An article from WNYC describes how several large public construction projects in the New York City area have been involved in billing fraud, leading Federal prosecutors and the FBI to investigate a number of multi-billion dollar projects. According to the article, “At the heart of the probe is what prosecutors say is an industry-wide practice known as ‘8 and 2’ in which construction companies fraudulently bill clients for hours not worked by labor foremen.” In addition to a standard 8 hour work day, companies routinely bill for an additional 2 hours of overtime. One industry expert, Louis Coletti, president of the Building Trades Employers Association, predicts that “fallout from the focus on billing practices will force the industry to be more transparent in how it does business.”

Guidepost Solutions Construction Monitoring can help monitor large scale construction projects to avoid these types of abuses and prevent legal problems before they threaten a project.


About the authors

McShane_T200THOMAS A. MCSHANE
PRESIDENT, INVESTIGATIONS AND MONITORING
tmcshane@guidepostsolutions.com

Thomas A. McShane is the president of investigations and monitoring at Guidepost Solutions.  He plays a key supervisory role in many of the company’s complex and high-profile cases involving organizations in various industries and sectors.  Mr. McShane spearheaded the development of the company’s Independent Monitoring Program and works with numerous governmental and quasi-governmental authorities. He has served as Counsel to the New York State Commission on Government Integrity and Chief Counsel to a successor commission, the New York State Temporary Commission on Local Government Ethics. Thomas can be reached at tmcshane@guidepostsolutions.com.

jaffe_jJOSEPH JAFFE, ESQ.
CHIEF COMPLIANCE OFFICER, DEPUTY GENERAL COUNSEL, SENIOR MANAGING DIRECTOR
jjaffe@guidepostsolutions.com

As Chief Compliance Officer and Deputy General Counsel, Joseph Jaffe oversees regulatory compliance issues and assists with legal matters for all of Guidepost Solutions’ offices. In addition, he leads the company’s Europe, Middle East and Africa practice. Joseph can be reached at jjaffe@guidepostsolutions.com.

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