Lee Heng Guie: The large market value and volume of goods and services purchased yearly by the ministries and agencies through public procurement are vulnerable to high risks of unlawful manipulations such as price bidding, cartels or collusion of contractors and companies, as well as abuse of power and corruption.Hence, it is important to combat bid rigging in the context of fostering competition in public procurement.
BID rigging is widely acknowledged as one of the commonly used anti-competitive practices in securing contracts in public procurement. Government procurement authorities are often victimised by private sector companies through bid rigging and other price-fixing activities.
The large market value and volume of goods and services purchased yearly by the ministries and agencies through public procurement are vulnerable to high risks of unlawful manipulations such as price bidding, cartels or collusion of contractors and companies, as well as abuse of power and corruption.
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