The,Games,Dishonest,Tendering, business, insurance The Games Dishonest Tendering Companies Play
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Allocation Of Tendering Areas Allocation of tendering areas are agreements in which tenderingcompetitors divide markets among themselves. In such plans, competing companiesallocate specific customer or type of customers, products, or territories amongthemselves. For example, one tenderer will be allowed to sell to, or tender oncontracts let by, customers allocated to the other competitors. In otherschemes, competitors agree to sell only to customers in certain geographicareas and refuse to sell to, or quote intentionally high prices to, customersin geographic areas allocated to conspirators companies. Low Price High Price Game A tendering company, in collusion with procurement official,can submit a low bid to insure winning a contract, and then increase its priceand profits by submitting change order requests after the contract is awarded. A tendering company, acting alone or in collusion withcontract personnel, can submit unjustified or inflated change order requests toincrease profits, or as the result of corruption, use the change order process to extend a contract thatshould be re-bid. Union Formation Of contractors Dishonest tendering company can submit multiple bills ondifferent contracts or work orders for work performed or expense incurred onlyonce. A contracting official can facilitate the plan and share in the profitsby writing similar work orders under different contractors and accepting themultiple billings. The Mutual Benefits Its is evident from the above mentioned fraud plans that itis either a corrupt procurement personal or contractors or both who gets thecream, and the poor public sector is burdened with high priced low qualitygoods of services. Until the code of ethics in tendering is followed strictlythe situation is unlikely to change in near feature.
The,Games,Dishonest,Tendering,