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Singapore fines contractors S$4.6 million for bid rigging in public tenders

( May 23, 2025, 06:24 GMT | Official Statement) -- MLex Summary: The Competition and Consumer Commission of Singapore has fined Trust-Build Engineering and Hunan Fengtian Construction a total of S$4.64 million ($3.6 million) for engaging in bid rigging in relation to three public-sector tenders with a total value of S$56 million issued by the People’s Association. The CCCS said the companies coordinated bid prices and tender documents in 2022, eliminating independent decision-making and distorting competitive pressure. Although neither company secured any of the contracts, the conduct was detected by the procuring agency and referred to the CCCS. The regulator launched an investigation, which included dawn raids and securing evidence from the companies and their personnel.The infringement decision and media release are attached below:...

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