Ethics (read more)
The resulting "FIEC/EIC Statement on Corruption Prevention in the Construction Industry" applies to large stock-listed companies as well as to small and medium-sized enterprises (SMEs) and it addresses both the home market and activities abroad.
The Joint Statement clarifies that FIEC and EIC strongly oppose corruption in its diverse forms as an unacceptable phenomenon in national and international business transactions. Not only does it raise moral and political concerns, undermines good governance and distorts international competition, it has negative effects on business, since it adversely affects the quality of works, economic efficiency and potentially damages the image and reputation of the whole construction industry. At the same time, FIEC and EIC expect the public sector to complement private sector initiatives to fight corruption by closing loopholes that allow or even encourage unethical behaviour on the "demand side", in particular during the tender and the project delivery phases. Evoking the adage that "it takes two to tango", the joint statement concludes with concrete recommendations to all parties involved in the construction process which are invited to act simultaneously within their sphere of influence in order to make progress on this important issue.