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.
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 language | English |
|---|---|
| Number of pages | 1 |
| Volume | 7047 |
| Specialist publication | Construction News |
| Publication status | Published - Dec 2007 |
Keywords
- bidding
- contracts
- construction
- anti-competitive practice laws