Big or small, your construction company is perceived and judged by its practices. In the world of construction, reputation means everything. Every decision you make will be judged as good or bad and right or wrong. As you conduct business, do you believe that you are seen as a contractor, subcontractor, architect, engineer, or supplier that operates with integrity? If not, you could be teetering the line of unethical behavior, which can lead to needing the services of a Tampa construction lawyer.
In this section, our Tampa construction lawyers are discussing the impact of unethical behavior as well as ways to minimize the behavior. In part three we will discuss some ways that you can practice ethics in your workplace. Read part one for the beginning of the series.
How Unethical Behavior Affects Everyone
Every construction professional and business wants their business to thrive. Winning contracts is critical to their sustainability; however, resorting to unethical practices affects their business. Unethical behavior leads to increased project costs, lower profits, higher taxes for the public, and poorly executed project work.
Minimizing Unethical Behavior
Parties to a construction contract have a duty to act in good faith and deal with every matter fairly. This means that owners, contractors, subcontractors and other professionals should strive to operate their business affairs with the utmost integrity to minimize unethical or illegal behavior.
This is why it’s critical to operate your business based on a code of ethics specific to your company to ensure every worker employee or contractor understands how to conduct themselves. A code of ethics outlines the mission and values of your company. It is a pledge to operate business and transactions ethically with clients, business partners, and within the company itself and a commitment to remain in compliance with applicable laws, rules, and regulations.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.