A warning of both action and punishment from the Commerce Commission to those operating cartel like behaviour in public procurement.

It estimates New Zealanders are being ripped off to the tune of 360-million dollars a year because of bid rigging. 

Bid-rigging happens when there's an agreement among some, or all, the bidders about who should win a bid for contracts. 

ComCom Chair John Small told Mike Hosking it's an enforcement priority

He says if it's criminal, maximum penalties include 7 years imprisonments for individuals and 10 million dollar fines for companies.

LISTEN ABOVE

A warning of both action and punishment from the Commerce Commission to those operating cartel like behaviour in public procurement.
It estimates New Zealanders are being ripped off to the tune of 360-million dollars a year because of bid rigging.&nbsp;
Bid-rigging happens when there's an agreement among some, or all, the bidders about who should win a bid for contracts.&nbsp;
ComCom Chair John Small told Mike Hosking it's an enforcement priority
He says if it's criminal, maximum penalties include 7 years imprisonments for individuals and 10 million dollar fines for companies.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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John Small: Commerce Commission Chair on clampdown of cartel behaviour and bid rigging

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/51fa4ee6-c0c9-479f-b8be-b4d201286e4e/transcript