Picture of a black hole

Strathclyde Open Access research that creates ripples...

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Safe from the finger of suspicion

Agapiou, Andrew (2007) Safe from the finger of suspicion. Construction News, 7047.

Full text not available in this repository. (Request a copy from the Strathclyde author)

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.