Abstract
More than EUR 1.9 trillion is spent each year on public contracts in Europe. In a time of economic crisis, there is need to maximise the efficiency of public spending, in order to secure budget savings. One of the ways to achieve this is
to deter bid rigging (collusive tendering), a practice whereby two or more bidders agree on aspects of their submissions like, for example, on quality or price. Bid rigging undermines competition among bidders and may lead to reduced quality or higher prices for goods that are procured by the public sector.
to deter bid rigging (collusive tendering), a practice whereby two or more bidders agree on aspects of their submissions like, for example, on quality or price. Bid rigging undermines competition among bidders and may lead to reduced quality or higher prices for goods that are procured by the public sector.
| Original language | English |
|---|---|
| Publisher | University of East Anglia |
| Pages | 5-7 |
| Number of pages | 3 |
| Publication status | Published - 1 Mar 2018 |
Publication series
| Name | Centre for Competition Policy (CCP) Research Bulletin |
|---|