Globalization of construction industry in developing countries is very important for their socio-economic development. These findings provide valuable lessons for both Vietnamese and international policy-makers by emphasising the need for assessing the practical impact of public procurement rules and practices on bid rigging practices. Responsive suggestions are accordingly made to tackle the problems identified. Particularly concerning are unnecessary and excessive selection criteria leading to limited participation of bidders, regulation of joint-bidding, information disclosure and frequent communication between bidders. The findings reveal that Vietnamese public procurement legislation as well as administrative practices of public pro-curers unintentionally facilitate the formation and stability of bid rigging. By looking at factors facilitating bid rigging in public procurement, this article determines the extent to which current regulations and administrative practices of Vietnamese public procurers facilitate bid rigging. While public procurers are advised to be vigilant as to bid rigging in public markets, public procurement rules as well as administrative practices of public procurement authorities, are integral contributors to the formation and stability of bid rigging. Bid rigging prevents public procurers from obtaining the best value for money.
0 Comments
Leave a Reply. |