Third Party Risk Management and Compliance Requirements for Construction Companies

The construction industry runs on collaboration and coordination, and any company’s success depends on the work and compliance of third parties. Construction companies of all sizes must comply with a large number of regulations about business practices, ethical sourcing of materials, and health and safety. Construction companies also require a systematic approach for collecting and tracking attestations for insurance and for documented policies and practices as part of monitoring and tracking workplace safety incidents.

The Aravo Risk and Compliance Solution for Construction Companies

The Aravo Enterprise platform enables construction companies to monitor and manage third party risk involving health and safety, workplace incidents, insurance, Anti-Bribery and Anti-Corruption (ABAC), non-discrimination, and energy management. The platform creates annual reports on third-party employee headcount, nonfatal accidents, dangerous occurrences, major injuries, and deaths. It also tracks Accident Frequency Rates (AFR), monitors AFR thresholds, and enables companies to sort third parties by AFR. Support for 33 languages and 112 countries helps international firms centrally monitor and manage third party risk across all their markets.

Aravo Risk & Compliance Solution Benefits for Construction Companies 

  • Streamline and harmonize data and processes across the third party and supply network for improved transparency, flexibility and agility
  • Eliminate risk silos and deliver a centralized ‘version of the truth’ for the extended enterprise
  • Increase third party transparency through Tier 1, 2 and beyond
  • Reduce complexity and third party administration costs
  • Expand third party networks and enter into new markets with confidence
  • Accelerate time to market
  • Reduce brand risk
  • Improve oversight with an always accessible audit trail
  • Expand to new use-cases as you harness the power of the flexible Aravo Enterprise platform

Regulations and Standards that impact the Construction industry.

U.S. Foreign Corrupt Practices Act (FCPA)

Forbids bribing foreign officials and mandates transparent accounting practices.

UK Bribery Act

Covers British criminal laws related to bribery and establishes penalties including imprisonment, fines, and confiscation of property.

ISO 14001:2015

Sets out the criteria for an environmental management system applicable to any industry.

ISO 50001

Supports the use of Energy Management Systems (EnMS).

OHFAS 18001

The international specification for occupational health and safety management systems.


Requires employers, the self-employed, and those in control of premises to report specified workplace incidents.

SA 8000

The certification standard created by Social Accountability International (SAI) for decent workplaces, encompassing regulations about child labor, forced labor, and health and safety.