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3 companies fined $32,000 for colluding to rig bids for Wildlife Reserves Singapore quotations

Jun 04, 2020 | 🚀 Fathership
SINGAPORE - Three construction companies were found to have colluded to rig the bids for eight tenders and quotations called by Wildlife Reserves Singapore, said the Competition and Consumer Commission of Singapore on Thursday.

The companies - Shin Yong Construction, Geoscapes and Hong Power Engineering - had exchanged bid information and coordinated their bids for the WRS quotations between July 1, 2015, and Oct 6, 2016.

They were fined a total of $32,098 for infringing Section 34 of the Competition Act, said CCCS. Geoscapes was fined $19,739, while Shin Yong Construction was fined $7,148.

They admitted to colluding to rig bids in the quotations called by WRS. Meanwhile, WRS barred the companies from bidding for any of its projects.

"While any customer can be a victim of bid-rigging, customers can protect themselves by spotting suspicious bids. Customers should study the bid submissions carefully to see if the bids submitted by suppliers are independent," said Ms Sia.