This course will focus on the most common types of fraud in the construction procurement and contracting arena. The course will examine fraud vulnerabilities in the four key phases of the construction procurement process: Presolicitation, Negotiation, Performance, and Closeout and Claims. Within each phase, "red flags" will be discussed. These are the indicia of possible fraud that managers and auditors should be alert for. Also within each phase, the most common fraud schemes will be highlighted and discussed. Finally, the course will describe the generally accepted safeguards or controls that should be established to prevent the various fraud schemes that can occur. The course will conclude with case studies describing actual fraud uncovered in two high-profile construction projects. These case studies will illustrate several of the fraud schemes described during the course and describe how they were uncovered.