CCS issues Infringement Decision for bid-rigging in electrical services and asset tagging tenders
The Competition Commission of Singapore (“CCS”) has issued an Infringement Decision against the following entities for their involvement in bid-rigging in the tenders for the provision of:
(a) electrical services for the Formula 1 Singapore Grand Prix for 2015 to 2017 (“F1 Tender”),
(i) Chemicrete Enterprises Pte. Ltd. (“Chemicrete”), Cyclect Electrical Engineering Pte. Ltd. (“Cyclect Electrical”) and Cyclect Holdings Pte. Ltd. (“Cyclect Holdings”) (together the “Cyclect Group”);
(ii) HPH Engineering Pte. Ltd. (“HPH”); and
(iii) Peak Top Engineering Pte. Ltd. (“Peak Top”).
(b) asset tagging services for GEMS World Academy (Singapore) (“GEMS Tender”),
(i) Cyclect Group; and
CCS considers that the agreements and/or concerted practices regarding the bid-rigging conduct in the F1 Tender and the GEMS Tender had as their object the prevention, restriction and distortion of competition and are by their very nature, serious infringements of the Act.