The construction of international sports venues creates an environment that is perfectly suited for corruption, according to a new study published by Engineers Against Poverty.
Projects for big events such as the Olympics and the FIFA World Cup are rife with poor planning, complex contracting, a lack of accountability, and high levels of collusion, the study says. Big sporting events often require rapid construction of venues and surrounding infrastructure, leading to corruption and resulting in huge cost overruns.
A remedy consists of construction firms and owners implementing new tools for transparency, the report says. These include a transparent tracking system that would help identify red flags and allow the public to see how money is spent.
Recent examples of huge cost overruns include the 2010 South African World Cup that was 1,709% above initial estimates, and the 2014 World Cup in Brazil, where stadium construction costs were 450% above predictions.
Related Stories
| Dec 1, 2011
OSHA releases new construction safety videos
OSHA released new safety videos to offer both employers and workers brief, easy-to-understand education about construction safety.
| Dec 1, 2011
GSA Region 5 BIM standards could set national agenda in government contracting
Learning how the GSA wants to work with contractors using Building Information Models (BIM) will dramatically improve your odds of winning federal work.
| Nov 23, 2011
Fenestration council seeks committee members
The National Fenestration Rating Council (NFRC) is seeking members for a committee to pursue recognition of its ratings procedures from the American National Standard Institute (ANSI).
| Nov 23, 2011
Obama signs repeal of 3% withholding on government contracts
President Obama signed a bill that repeals a law requiring governments to withhold 3% of payments over $10,000 to contractors.
| Nov 23, 2011
USGBC launches app lab for LEED certification process
The U.S. Green Building Council has released the App Lab, a searchable catalog of third-party apps that are integrated with LEED data.
| Nov 23, 2011
Document gives advice on stormwater runoff management
The report, “Rooftops to Rivers II,” provides tips on how cities can use smart infrastructure and green building design to minimize pollution from stormwater runoff and other wastewaters.
| Nov 23, 2011
Zoning changes proposed to make New York City buildings greener
New York City will introduce new zoning proposals next month that would make it easier for building owners to add features that will make their properties more sustainable.
| Nov 18, 2011
AGC offers webinar on Davis-Bacon compliance
Webinar to be held in two sessions, Dec. 7 and 8 from 2:00-3:30 p.m. EST.
| Nov 18, 2011
New green construction code may help push LEED standards higher
The International Green Construction Code (IgCC) is expected to set a floor for building standards and may create the opportunity for LEED certifications to push toward higher ceilings.
| Nov 18, 2011
New OSHA fall safety rule could save contractors money on insurance premiums
The new Occupational Safety and Health Administration rule requiring employers operating in the residential construction industry to use the same methods of fall protection that historically have been used in the commercial construction industry could save them money.