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World Class Code of Ethics

 

Honesty and Integrity | World Class Contracting Ltd. serves its customers and treats its competitors, subcontractors and suppliers with honesty and integrity.

Competition | World Class Contracting Ltd. competes fairly for contracts, avoiding any practice that might be construed to be in violation of the letter or spirit of federal or provincial competition or unfair business practices legislation. The firm does not seek nor accept information concerning a competitor’s bid prior to bid closing nor does it attempt to modify its price after the bid closing. The firm avoids any activity that could be construed as *bid shopping, a **reverse bid auction or ***bid peddling.

Qualifications | World Class Contracting Ltd. seeks to perform contracts only for which the firm has the technical competence and experience. The firm does not accept contracts for which it is not qualified. The firm assigns staff to projects in accordance with their qualifications and commensurate with the demands of the services to be provided under the contract.

Standards of Practice | World Class Contracting Ltd. provides materials and services in a manner consistent with the established and accepted standards of the construction industry and with the laws and regulations that govern it including the use of standard industry documents wherever feasible. The firm performs its contracts with competence, reasonable care and diligence. The firm establishes prices that are commensurate with its services.

Conflicts of Interest | World Class Contracting Ltd. endeavors to avoid conflicts of interest, both corporate and individual. Where a corporate conflict exists, World Class Contracting Ltd will disclose such conflict to its customer or prospective customer. World Class Contracting Ltd. regularly educates its staff about personal conflicts of interest and has established a procedure for internal disclosure.

Safety | World Class Contracting Ltd assures that the safety of its employees, the employees of others on the job site, and the general public at large, is given the highest priority in all aspects of the firm’s activities. World Class Contracting Ltd will strive to provide its employees with the proper training and education required to enable the company to meet the stated goals of a safe workplace.

Environment & Sustainability | World Class Contracting Ltd. will endeavour to promote sustainable building practices and environmental considerations in all its operations and in the services it provides to its clients.  World Class Contracting Ltd will strive to provide its employees with the proper training and education required to enable the company to meet the stated goals of a more sustainable built environment and more environmentally friendly business practices.

Service Providers and Suppliers | World Class Contracting Ltd. treats its service providers and suppliers in an equitable manner, avoiding any activity that could be construed as *bid shopping, a **reverse bid auction or ***bid peddling.  It assures that they are advised as soon as it is reasonable subsequent to bid closing as to whether or not their bid was successful. The firm awards contracts with dispatch to the successful bidder at the bid price.  The firm provides clear direction and prompt payment for service provided.

Employees | World Class Contracting Ltd. complies with the letter and spirit of laws relating to working conditions. The firm does not knowingly violate any law or regulation dealing with employment standards. It is committed to providing its employees with a work environment free of harassment and discrimination and has internal policies and procedures to deal with complaints and to enforce its policies.

Financial Disclosure | World Class Contracting Ltd. strives to ensure that all financial information provided to its principals, partners, shareholders, lending institutions, bonding and, insurance providers, and the general public where so provided, is an accurate and true representation of the firm’s financial status.

Public Information | World Class Contracting Ltd assures that all public statements and disclosures it makes are truthful. The firm also protects the proprietary interests of its customers.

Compliance with Laws | World Class Contracting Ltd. does not knowingly violate any law or regulation.

Image of the Construction Industry | World Class Contracting Ltd. avoids actions that promote its own self-interest at the expense of the construction industry and upholds the standards of the construction industry with honour and dignity.

Internal Procedures | World Class Contracting Ltd. has established internal procedures under which its failure to conform to the above practices will be handled. Each year, the firm reviews this Code of Ethics and its internal procedures with each of its employees. If an employee, customer or other individual becomes aware of a circumstance in which World Class Contracting Ltd. or an employee of the firm fails to conform to the above standards, he/she should immediately report such circumstance to the Management of World Class Contracting Ltd.

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*For the purposes of this document, bid shopping is defined as any conduct whereby the one soliciting bids uses the bids submitted to it as a negotiating tool either expressly or in a more clandestine way, before the contract has been awarded, with a view to obtaining a better price or other contractual advantage from that particular bidder or any of the others.

**For the purposes of this document, a reverse bid auction is defined as a form of bid shopping in which the one soliciting bids is privy to the bid information prior to the bid closing and uses that information to encourage bidders to resubmit lower-priced bids by advising them of their ranking or relative position to the other submitted bids during the bidding process.
***For the purposes of this document, bid peddling is defined as any conduct whereby a bidder, in an attempt to secure a contract, offers to lower its previously bid price in order to undercut known bid prices from other bidders.

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