CONSTRUCTION PROCUREMENT AND BID RIGGING
by Slavica JokovicPublish: Mar 06, 2023BusinessBook Overview
This book examines construction procurement, including project financing and BOT (Build-Operate-Transfer System), as well as bid rigging with its main characteristics and indicators. It gives an overview of bid rigging in construction procurement concerning some forms, objectives and consequences, as well as various features of the construction industry which are significant for the analysis of collusion in public tenders.Furthermore, the importance of FIDIC (International Federation of Consulting Engineers) was highlighted and its role in this area was explained.
The paper emphasizes the complexity and importance of construction procurement to be taken into account when procuring construction works and the need to reduce irregularities in public procurement procedures.
Certain features of industry and market are favourable to bid rigging in construction procurement. Taking into consideration some conditions in the construction procurement market that support bid rigging, this book gives an overview of relevant measures aimed at increasing transparency, promoting integrity and preventing corruption in construction procurement.
Review #1
Review Rating: 5 Stars
Reviewed by Pikasho Deka for Readers’ Favorite
“Construction activity compared to other economic activities is an industry least dependent on imports, so it offers a chance of almost exclusively domestic products and services. The importance of construction as a development factor is reinforced by its ability to increase levels of employment. In Construction Procurement and Bid Rigging, public procurement expert Slavica Joković covers all aspects of construction procurement and sheds light on measures to negate bid rigging and maintain a transparent and ethical approach to construction procurement. From project financing to BOT, short for the Build Operate Transfer system, Joković takes us through a step-by-step overview of the various bidding approaches. She shows the requirements of tender documentation in Public Procurement procedures and provides a thorough guideline for the procurement process. She also lists the characteristics and indicators of bid rigging usually associated with public procurement.
As someone who considers himself a novice at best at knowing anything remotely related to the construction industry, Construction Procurement and Bid Rigging was an eye-opening and educational read for me. The most impressive aspect of Slavica Joković's writing is that despite the somewhat unfamiliar subject matter, it is very accessible and easy to read. It somehow manages to ignite a spark of interest in construction procurement and keeps you engaged until the end. The writing is crisp and to the point, creating a concise narrative that is informative and absorbing as you find yourself immersed in the pages. I highly recommend this book to anyone involved in the construction industry.”
