Interior Construction Firms Accused of Rigging Million-Dollar Tenders; Singaporean Watchdog Issues Legal Notices
By Giuliano De Leon
May 24, 2024 04:45 PM EDT
May 24, 2024 04:45 PM EDT
Two interior construction firms in Singapore have been accused of rigging million-dollar tenders. Because of this, competition watchdog CCCS (Competition and Consumer Commission of Singapore) issued legal notices to the two companies.
(Photo : Scott Blake on Unsplash)
The two interior construction firms suspected of tender rigging are Flex Connect (formerly Facility Link) and Tarkus Interiors. The Business Times reported that both received notices from CCCS.
The notices they received are called Proposed Infringement Decisions. The Singaporean watchdog said they have six weeks to send information to support their case or make their individual representations.
After the provided period, CCCS will make its final decision. However, the watchdog will still consider the representations and information they provide.
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According to the Singapore Business Review, the Singaporean competition watchdog revealed that the two interior construction firms have anti-competitive agreements or are doing concerted practices.
CCCS officials said Tarkus Interiors and Flex Connect, engaged in bid-rigging conduct, affected tenders. They added that these tenders could be worth between $150,000 and $7.7 million.
The tenders involved dozens of properties, such as retail spaces, F&B establishments, and offices. The tenders, which could be worth more than $5 million, were allegedly rigged.
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