the high cost of non-compliance in the construction industry
Regulatory compliance are the two watchwords of the construction industry . Without monitoring standards and following prescribed guidelines , construction sites become hazardous , quality suffers , and environmental protections are compromised .
Further , compliance with local , state , and federal regulations is essential in construction , and changes in regulations and standards can impact project planning and execution .
The biggest consequences of noncompliance are loss of productivity , reputational damage , financial penalties , loss of clientele , and disruptions in operations , according to Sprinto . com , a security compliance automation platform .
But compliance in the construction industry has its benefits as well . It leads to better efficiency , improved health and safety records , cost savings , enhanced brand reputation , and overall performance and competitiveness .
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