Hong Kong’s competition watchdog tightens tender clauses to target bid-rigging
The News
Hong Kong's Competition Commission has revised tender clauses to require bidders to make a statutory declaration against collusion, as part of a broader effort to criminalize bid-rigging following the city's deadliest fire in decades. Chairman Jat Sew-tong announced that the commission is considering raising the maximum penalty for the proposed criminal offence from seven to 10 years. This move aims to strengthen competition regulations and prevent future bid-rigging.
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The Analysis
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Competition Commission revised tender clauses to require statutory declarations against bid-rigging.
Hong Kong’s competition watchdog has revised its tender clauses to require bidders make a statutory declaration they have not engaged in collusion on a project.
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Key findings
The Competition Commission is considering proposing to raise the maximum penalty for the proposed criminal offence from seven to 10 years.
South China Morning Post- Bid-rigging is linked to the deadliest fire in Hong Kong's recent history.
- Statutory declarations aim to restore public trust in tendering processes.
Plain English
Loaded language removedHong Kong’s competition watchdog has revised its tender clauses to require bidders make a statutory declaration they have not engaged in collusion on a project, as part of a wider move to criminalise bid-rigging following the city’s deadliest fire in decades.
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Claims
The Competition Commission is considering proposing to raise the maximum penalty for the proposed criminal offence from seven to 10 years.
South China Morning PostHong Kong’s competition watchdog has revised its tender clauses to require bidders make a statutory declaration they have not engaged in collusion on a project.
South China Morning PostThe revision is part of a wider move to criminalise bid-rigging following Hong Kong’s deadliest fire in decades.
South China Morning Post