Safe from the finger of suspicion

Research output: Contribution to specialist publicationArticle

Abstract

It is important for firms to have a policy which protects them from infringing anti-competitive practice laws. The Office of Fair Trading has been focusing on corruption in UK construction for the past three years. By March 2007 it had raided 57 companies, uncovering evidence of bid rigging from more than 1,000 contractors.
Bid-rigging can involve 'complimentary pricing' or 'cover pricing' - a practice where supposed rivals agree to submit bids that they know will not be accepted.
Original languageEnglish
Number of pages1
Volume7047
Specialist publicationConstruction News
Publication statusPublished - Dec 2007

Keywords

  • bidding
  • contracts
  • construction
  • anti-competitive practice laws

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