Risk Management Strategy
Mead Con’s Risk Management Strategy is based on principles and guidelines from ISO 31000-2009 Risk Management - Principles and Guidelines, and AS8001:2008 Fraud and Corruption Control. An example has been provided below of how we use our Fraud Control Framework within the context of sub-contractor and/or supplier financial fraud controls during a project.
Prevention
Initial risk assessment
Control plan [for material procurement]
Control plan [for client invoicing]
Detection
Monitoring SHEQ Compliance
Mead Con must comply with all regulatory authorities and ensure systems are in place to monitor, operating under a company Quality, Safety and Environmental Management System to Australian and International Standards. The following are the internationally recognised standards to which Mead Con strive to achieve. Our processes are designed to maintain compliance with the listed standards and to continually improve our systems.
As part of our membership with Master Builders Tasmania [MBT], documents such as regulations, standards, codes of practice and other industry requirements are maintained by MBT for access / review by members on an as needs basis.
Management processes for continual improvement within the system and the assurance of conformity to the client and applicable regulatory requirements are as follows:
Role |
Responsibilities |
Managing Director/General Manager of Construction |
|
Project Managers and Supervisors |
|
SHEQ |
|
Finance Officer |
|
Employees |
|
Project Managers must request a trigger audit of any of Mead Con’s processes that they believe are non-conforming, communicating with the Operations Manager regarding any such items promptly. Mead Con’s Document and Data Control Procedure requires all relevant documents which affect the quality of the work [e.g., drawings, specifications and contracts, checklists, forms, inspections contracts, permits / approvals etc.] must be stored in a suitable environment to minimise deterioration or damage and to prevent loss.
Protecting Confidentiality
Mead Con is committed to protecting the rights and personal information of all employees, adhering to the spirit and the letter of privacy legislation [Commonwealth and State] in its control of the collection, use, storage and disclosure of employment records and personal information of its employees. We respect an employee's right to privacy. Therefore, any information retained within Employee Records will only be used for its intended purpose and without disclosure of any personal, confidential, or sensitive information without the express permission of the employee.
The Australian Privacy Principles [APP] within the Privacy Act 1988 [Cth] guide our practices when dealing with personal information.