Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Roadworks
Roadworks - Credit: Photo: kasto/DepositPhotos
Business
Crime
ACM
Amsterdam
tender
procurement fraud
price agreement
Tuesday, 7 May 2019 - 09:17
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Potential fraud in Amsterdam tenders under investigation

The Netherlands' authority for consumers and markets ACM launched an investigation into whether contractors made illegal price agreements in the ground, road and hydraulic engineering sector in the municipality of Amsterdam. The ACM received tips that different contractors made potentially forbidden agreements in government tenders, such as making agreements on the level of prices quoted to ensure who will receive the contract, NU.nl reports.

If this is true, the contractors distorted the competition and that may lead to higher prices, lower quality or less innovation, according to ACM. The regulator raided several companies during the past month as part of this investigation. The tenders under investigation are for projects that involve amounts between 100 thousand euros and 2 million euros.

The government spends billions every year through tenders. Entrepreneurs compete with each other for a project - the company that offers the best price and quality wins the project.

"Secret price agreements between entrepreneurs during a tender distort competition and can lead to higher project costs for the government", the ACM said. "The Competition Act prohibits agreements that distort competition. Ultimately, the taxpayer pays the higher bill."

Follow us:

Latest stories

  • Putin played an active role in conflict around MH17 downing; No new suspects prosecuted
  • ABN Amro profit up over 55% to €1.9 billion due to rising interest rates
  • TikTok showing triggering videos to people with eating disorders: report
  • Upcycle shop at Rotterdam Central Station gives second life to NS material
  • Dutch government can't limit family reunification for refugees, Council of State rules
  • New results in MH17 investigation presented this afternoon

Top stories

  • Putin played an active role in conflict around MH17 downing; No new suspects prosecuted
  • 42% of secondary school teachers witnessed anti-Semitism in class
  • 40% of home buyers end 2022 were first-time buyers
  • Dutch team rescues 6 people from rubble in Turkey; Death toll climbs to 8,100
  • Rutte tells Erdogan the Dutch can offer more help; Dutch donate millions in relief aid
  • Netherlands, Germany & Denmark buying at least 100 Leopard 1 tanks for Ukraine

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content