Bishoftu International Airport Project
Compliance for Prime Contractors
The upside of the BIA project is significant, so are the compliance risks. An employee or subcontractor's mistake can seriously impact your bottom line and risk your company’s debarment.
REGIONAL AND LOCAL CASE STUDIES
NIGERIA: A multi-national joint venture was prosecuted for using local agents to make $182 million of corrupt payments to Nigerian government officials to secure $6 billion in infrastructure contracts. Regulators have repeatedly held prime contractors responsible for violations committed by their intermediaries.
US$1.65B in total penalties paid
CEO prosecuted and imprisoned
US$60-100M estimated legal fees for just one JV partner
ETHIOPIA: Three entities from one of the world's largest professional services firms were barred from projects financed by multilateral development banks after obtaining confidential procurement information from Ethiopian government officials to win consulting contracts.
21 months debarment period
All 5 major MDBs barred the entities from projects
Compliance programs required for reinstatement
QUESTIONS WORTH ASKING
☐ Will your field teams and subcontractors be prepared to respond appropriately if a local official requests a bribe?
☐ Will your employees and subcontractors know the compliance requirements for this specific project?
☐ How will your subcontractor network avoid compliance violations so you don’t end up inheriting liability?
☐ How will you ensure that compliance issues are raised and addressed promptly?
THE GOOD NEWS
Getting it right is not complicated but does require thoughtful safeguards before the project hits the ground.
HOW PRINCIPLE COMPLIANCE CAN HELP
We build processes to help prevent costly compliance issues that disrupt your on-time and on-budget delivery.
01 Field Guidance
Clear written guidance for the likely situations your team will encounter and how they should escalate.
02 Compliance Training
Practical training specific to the project environment, designed for people who work in the field.
03 Reporting Channel
A confidential way for your staff to flag concerns early, before a small problem becomes a significant one.
04 Third-Party Readiness
Expectation-setting and training for third parties to safeguard against common violations.
About Principle Compliance
Principle Compliance is a boutique consulting firm founded on 20 years of Fortune 500, compliance and change management experience. We specialize in building and operating effective ethics & compliance programs that work in practice.