Spanish competition agency CNMC has calculated the excess cost of lack of competition in the country’s public contract bids at 48 billion euros. The agency, concerned over losses in a sector representing over 15% of GDP, has launched a campaign in order to request public officials’ collaboration in improving the contract assignment procedures, as well as improving processes to go after irregularities.
The super-agency has held several talks with various government dependencies, creating a list of elements that should be considered when evaluating the possible existence of uncompetitive agreements between companies participating in a public contract bid.
A few of the elements discussed include the presence of a small number of competitors, incoherent offerings, un-justified similarities in proposals and other suspicious behavior.
Full Content: Europa Press
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