Designing Buildings: Created page with "‘A report exploring procurement in the construction industry’, published by The Chartered Institute of Building (CIOB) in 2010 states: ‘Cover pricing, a form of bid rigging..."

2021-08-03T07:27:54Z

Created page with "‘A report exploring procurement in the construction industry’, published by The Chartered Institute of Building (CIOB) in 2010 states: ‘Cover pricing, a form of bid rigging..."

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‘A report exploring procurement in the construction industry’, published by The Chartered Institute of Building (CIOB) in 2010 states: ‘Cover pricing, a form of bid rigging, is the act of placing a high bid at tender stage to clients. Contractors work in collusion to do this, as they require a base price that the other contractors will place a serious bid for. The said contractor will usually increase their own price by approximately 10% higher than the ‘serious’ bidder knowing that the client will not select them, but will still have seen their credentials and that they have the resources to work on future projects.’

= Related articles on Designing Buildings Wiki =

* Auction theory.
* Best value.
* Bid.
* Bidding tactics.
* Bribery in construction.
* Collusion.
* Competitive tender.
* Procurement.
* Suicide bidding.
* Tender evaluation.
* Tender process.
* Tender.

[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Procurement]]

Cover pricing - Revision history

Designing Buildings: Created page with "‘A report exploring procurement in the construction industry’, published by The Chartered Institute of Building (CIOB) in 2010 states: ‘Cover pricing, a form of bid rigging..."