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BT EXCLUSIVE

Identical bids by linked owners can mean higher prices in govt tenders

Study of 22,000 public tenders finds link between ownership networks among bidders and the price paid for these jobs

Singapore

WHEN public tenders in Singapore receive identical bids from firms with common ownership connections, government contracts can end up being awarded at a higher price, a research study by two academics has found.

In the absence of such ownership networks, winning prices

sentifi.com

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