If the Bahamian version of the 'construction industry' cannot establish/meet Industry Standards among themselves? How can you expect world class developers to risk their liabilities & funding with such a disjointed local industry?
Accept the subcontractor position, develop the craftmanship, meet the skills & standards, get certified to enable liability insurance coverage.
As a person, company, or industry, You Must learn to Walk before You can Run; though You May Think Otherwise!

Most are Barristers are they not? Or Wanna-be-Important-Team-Player, nothing close to societal leadership.

What a load of dog shite. Qualified is only the entrance ticket, Productivity & Professionalism are the real criteria, irrelevant of where you come from!! Can the education & job training support such a criteria? That is the reality of any given country, here we prefer to Bitch & Point to Foreigners, from Street sweeper to Doctor. Even to put out a bounty now?

Which English are we referring to? Queen's (King's now), American English, American Street Slang, Bahamian, Bahamian Street Slang, Haitian Creole-English?
There are a number of English variations, ...as one experiences in Dade County. With time, we all understand eventually.

1st, move airport to higher ground instead of filling in low ground as planned. It is easier to utilize the High Rock former tracking station Air strip, which the Bahamian Govt owns, as a temporary or permanent international airport. Beautiful beaches & loads of land for supporting endeavors. Driving an hour to your hotel is common distraction with the benefit of less aircraft noise & pollution for Freeport. (Hint: it's called High Rock for a reason)
2nd. Open the Hawksbill Creek waterway, flowing from Bight to Port, as nature has dictated for millenia of storms. By closing this natural flow Hutchinson Whampoa is sacrificing Freeport City so as not to dredge the port. All ports require maintenance dredging. Invest instead of take.
3rd. Build a high seawall along north coast to protect the industrial & commercial section, diverting any potential storm surge.
Quit attempting to reinventing the wheel!
Others have faced the same challenges!!

The definition of transparency has been changed by politicians, "only when convenient" has been added. 3rd World Characters!
It's no surprise legitimate investors are cautious...

First off, stop codling those who break the laws, a gang style murder suspect, caught with gun in hand, should not be out on $2000 bail! It should be $20-30000 with mandatory 30 days in prison before it's available. Transparancy is not a bad word, it educates us on all aspects of societies workings, in government, in church, in education & most importantly In Politics. Minimum wage, should be a Liveable Wage, where you can DEMAND performance in the workplace. KISS rule, Keep It Simple, Stupid.

The purpose of transparency laws are to minimize corruption. Now if you do not follow the laws &/or enforce same? Then all talk of anti-corruption has been corrupted, welcome to another 3rd world country developing into another Haiti?

Thank You Sir. You have beautifully outlined the cause of the leaking bucket, it has a hole.
Now, what are the learned leaders of society ready to do in patching this hole?
To Date, Nothing but cheap talk!
Everyone has identified the cause, for decades!!!. what are you willing to do for remedy?
Willing to jail your cousin or brother for their missdeeds?
Willing to take the time to educate your employee? Or yourself?
Willing to tell your minister he is lazy, parasitic or wrong in his interpretationof the good book?
Willing to converse without a weapon in hand?
Willing to put in a full day of work, with satisfaction?
Willing to DEMAND fair service for fair payment?
Willing to respect authority and DEMAND their respect?
Willing to vote for Political Leadership instead of personality?
It Starts with Self, not in the Expectations of Others.

Can't even get a Financial Statement before they become Parliamentarians!
Transparency would require one, as well as during & afterwards.
Good luck with accountability.