Hong Kong Competition Commission takes actions against bid-rigging in tenders for building maintenance

In a joint operation, the Hong Kong Competition Commission (HKCC) & the Hong Kong‘s Independent Commission Against Corruption (ICAC), conduct search & seizures operations at various offices of project contractors, consultancies & property management companies in relation to the alleged big-rigging by these companies in the building maintenance projects’ tenders. The companies have been alleged to have been manipulating “the tendering exercises of building maintenance projects, exaggerated contracts sums, assisted associated contractors to obtain maintenance projects and consultancy contracts, and manipulated project supervision and project payment release.”