CCR Magazine

CSA Top Banner
You are here  :Home arrow News arrow Procurement tool targets bid-rigging cheats
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Procurement tool targets bid-rigging cheats PDF Print E-mail
Monday, 20 June 2016
Procurers will be better equipped to stop bid-rigging and save taxpayers’ and businesses’ money with the launch of an e-learning package.

The tool helps procurers and supply chain professionals understand why bid-rigging is harmful, learn how to spot tell-tale signs that suggest a bid may be illegal, deal with suspect bids and know where to go for further help.

The package, which was created by the Competition and Markets Authority (CMA) and the Crown Commercial Service, is being made available to their members by the Chartered Institute of Procurement & Supply (CIPS) and the Local Government Association (LGA).

The CMA is also writing an open letter to procurers to explain the issues and draw their attention to the new tool and has produced a 60-second summary and video to provide further information and advice.

In 2013/14 the UK public sector spent £242 billion on procurement of goods and services, of which around £60 billion is spent by local government. Evidence suggests that cartels – of which bid-rigging forms a part – overcharge by up to 20%.

John Kirkpatrick, CMA Senior Director Advocacy, said: "Bid-rigging can cost taxpayers and consumers many millions of pounds. This e-learning package will help procurers spot cases and root out attempts to cheat before they cause any damage.

"The CMA has a hotline which people can call if they suspect cases of bid-rigging or other anti-competitive practice, so I urge anyone with doubts to call."

David Noble, Group CEO of CIPS, said: "We welcome this useful tool to help anyone responsible for public money to reduce fraud and corruption in the procurement process, and our members will welcome it too.

"This is too important an issue to allow these bad behaviours to colour the good that sound procurement and supply chain management brings to the public sector."
 
Enghouse Side Banner

CSA side

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197