Lecture_2_CMP_230_SS_2008_Posted

Lecture_2_CMP_230_SS_2008_Posted - CMP 230 Utility Systems...

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CMP 230 - SS 2009 1 CMP 230 Utility Systems Lecture 2
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CMP 230 - SS 2009 2 ETHICS Webster’s Dictionary Definition A system of moral principles A system of moral principles governing the appropriate conduct for governing the appropriate conduct for an individual or group. A code of an individual or group. A code of conduct.” conduct.”
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CMP 230 - SS 2009 3 ETHICAL vs LEGAL Ethics are governed by societal norms while laws tell us what is legal or illegal. Most companies would agree that working safely is an ethical business practice, while others need laws to encourage safe working conditions.
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CMP 230 - SS 2009 4 ETHICS Codes of ethics go by many names: code of ethics, codes of conduct, standard of professional conduct, standards of practice, and statements of values.
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CMP 230 - SS 2009 5
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CMP 230 - SS 2009 6
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CMP 230 - SS 2009 7 ETHICS STUDY Construction industry consulting firm FMI (Fails Management Institute) surveyed owners, architects, construction managers, contractors and subcontractors to assess the integrity of the construction industry.
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CMP 230 - SS 2009 8 ETHICS STUDY (continued) The results were disheartening: * * 84% 84% of respondents said they witnessed unethical industry-related acts in the past year, and 61% 61% consider the industry tainted by unethical acts . *FMI study: May 19, 2005
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CMP 230 - SS 2009 9 Unethical Conduct Increases project costs, Damages reputations, and Can erode business relationships. *FMI study: May 19, 2005
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CMP 230 - SS 2009 10 Such conduct also plays a role in disintegrating the trust and business reputation that are critical for companies in a highly competitive highly competitive industry. Trust builds repeat business ; unethical behaviors build animosity .
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CMP 230 - SS 2009 11 Unethical Conduct Increases Construction Costs Managers who pad change orders, Workers who overstate their hours, and Supervisors who accept substandard work and/or materials all play a role. Both first cost and life cycle costs may be impacted.
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CMP 230 - SS 2009 12 Some Unethical Practices Bid Shopping Reverse Auctions Padding Time Slips Padding Change Orders Over Billing Bribery
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CMP 230 - SS 2009 13 BID SHOPPING Getting contractors, sub-contractors, A/Es, etc. to drop their original bids by a certain dollar amount or percentage. “You will get the job if you can drop you price by 10%”.
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CMP 230 - SS 2009 14 Fails Management Institute “Survey of the construction Industry” 2004 Over 90%
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15 REVERSE AUCTIONS A tool used in industrial business-to- business procurement. It is a type of auction in which the role of the buyer and seller are reversed, with the primary objective to drive purchase prices downward. In an ordinary auction, buyers compete to obtain a good or service. In a reverse auction, sellers compete to obtain business. Source: http://en.wikipedia.org
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Lecture_2_CMP_230_SS_2008_Posted - CMP 230 Utility Systems...

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