Programme Objective:

Procurement bid rigging is a serious fraudulent practice in which colluding companies submit manipulated bids to disrupt fair competition, resulting in inflated costs, reduced quality, legal repercussions, and a loss of trust and efficiency in the procurement process. 

This 1-hour webinar aims to equip participants with a clear understanding of bid rigging, its impact on market competition, and how to detect and prevent it. Through real-life case studies and practical insights, participants will learn to identify red flags in procurement processes, implement effective detection techniques, and adopt best practices to ensure transparency and compliance in their organisations. 

By the end of this webinar, you will:  

• Understand the concept of bid rigging and its impact on competition.
• Recognise the common signs that may indicate bid rigging or collusion among vendors.
• Gain awareness of basic checks to determine if bid rigging may be happening in your procurement. 
• Know how to report suspected bid rigging to the relevant authorities in Singapore.

Programme Outline

• Introduction to Bid Rigging
  • Definition and types of bid rigging 
  • Legal framework in Singapore 

• Key Red Flags and Indicators of Bid Rigging 

  • Common red flags in procurement 
  • Detection techniques 

• Case Study: Real Life Example of Bid Rigging in an Institution of Higher Learning 

  • Red flag spotted 
  • Due diligence checks 
  • Document examination 

• Best Practices for detecting bid rigging 

  • Training and awareness 
  • Know your vendors 
  • Whistleblowing or tip-offs 

• Questions and Answers 

 

Training Methodology
Virtual Live Webinar

Closing Date for Registration
1 week before the event date or until full enrolment

Intended For

• Audit Professionals
• Finance Professionals
• Public Sector Finance
• C-Suite & Directors

Programme Facilitator(s)