Transparency and Accountability – Ethical Practices in Construction Contracting
Transparency and accountability are foundational principles in ethical practices within construction contracting, essential for maintaining trust, integrity, and sustainability in the industry. At the core of ethical conduct is a commitment to transparency, which involves open and honest communication with all stakeholders, including clients, subcontractors, suppliers, and regulatory authorities. Contractors must provide clear and accurate information regarding project timelines, budgets, risks, and performance metrics to ensure informed decision-making and foster trust among all parties involved. Transparency also extends to financial…