CONSTRUCTION SECTOR STAKEHOLDERS' TRENDS ABOUT FINANCIAL CORRUPTION CASES, COMPLICITY IN THE CONSTRUCTION PROJECT'S COMPETITION AS EXAMPLE

Document Type : Research Paper

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University of Tabuk - Saudia Arabia , Tabuk

Abstract

This study discusses Saudi construction sector stakeholders' trends about financial corruption cases, focusing on collusion by taking the construction projects sector as an example of financial corruption practices in this sector. The study aimed at accomplishing a number of goals: observing the knowledge and awareness of financial corruption in the sample, the level of knowledge about the causes of the issue and its properties, the resulting impacts of the issue and the most important proposals to face it. The study conducted a field study, using the survey approach on a sample of 296 individuals to get the required information. The study reached to a numbers of Results; Legal awareness on financial corruption and its combat is the highest in the sample compared to other subjects. Results also showed that lack of commitment to the principles of balanced separation between executive, legislative and judicial authority leads to the breach of the principle of mutual control; this is considered one of the most important reasons of collusion. The most important consequences of collusion in the construction sector is the restriction of the practice of collusion on the relevant private sector parties, and definitely the corporation’s loss of reputation within the market.

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JES. Journal of Engineering Sciences
Volume 44, No 1
January and February 2016
Pages 103-121

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