Black economy affecting construction companies

76 percent of construction companies have come across black economy operations in the last 3 months. In a new Construction Industry Federation (CIF) survey on the black economy in the sector, 85 percent of construction companies have also come across an increased number of black economy operations in the lat 12 months.

76 percent of construction companies have come across black economy operations in the last 3 months. In a new Construction Industry Federation (CIF) survey on the black economy in the sector, 85 percent of construction companies have also come across an increased number of black economy operations in the lat 12 months.

Some other key statistics detailed in the survey include:

Almost 20 percent of construction companies believe that black economy activity in the construction sector has grown by more than 100 percent since the downturn began.

52 percent of construction companies believe they have lost more than 5 jobs to black economy operations in the last 12 months.