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Q Turner Construction Company

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Turner Construction Company Questions 1. What are are the various types of contingency funds? How do they work? Do you think this approach to contingency funds is adequate? Overkill? 2. What is Turner’s business strategy towards their clients? How is it different from their competitors? What is your opinion of this strategy? What are its strengths and weaknesses? What could invalidate Turner’s business strategy? 3. Evaluate the IOR system and related reports and meetings. Does the IOR system force managers and the project team to address contingencies and problems you identified previously? It appears to take a lot of time in meetings; is this necessary, wise? The system seems to be based purely on financials. …show more content…

At times in these relationships gifts and entertainment may be offered as expressions of friendship. Offering or accepting such gifts or entertainment may be appropriate so long as the value does not exceed proper bounds of a normal business relationship. A gift of nominal value, an occasional meal preceding or following a business discussion, an invitation to sports event or theater is not necessarily improper. … Employees must not accept gifts or entertainment where to do so might result in an obligation or the appearance of an obligation to conduct business with the donor in such a way as to reflect less than an independent, arm-length relationship. Policy on Accounting Controls It has always been the policy of the Company to maintain the integrity of its financial records and operating controls. All policies and procedures are subject to audit. No artificial, false, or misleading entries shall be made in the books and records of the Company, employee expense accounts, or in any requisition submitted to an owner for any reason. Nor shall any payment or receipt be made with the understanding or intent that such transaction is to be used for a purpose other than that described by the documents supporting the transaction. Policy on Conflicts of

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