Posts tagged "bid-rigging"

Tendering processes have become so onerous and convoluted that the costs of tendering in relation to the potential gains may now be reducing rather than enhancing competition.

The ACCC has stepped up its war against bid rigging with a civil cartel case against national architects Ashton Raggatt McDougall for allegedly trying to fix a bid for Charles Darwin University in 2020.

In a move that shows Australia is getting tough on competition law, criminal charges have been laid against ANZ, Citigroup and Deutsche Bank, as well as six of their senior executives, over alleged “cartel-like” behaviour.