Fair Trade Commission Imposes Heavy Fines on 10 Companies for Bid Rigging in Apartment Repair Works

[Asia Economy Sejong=Reporter Dongwoo Lee] Construction companies colluding in bids for apartment defect and maintenance repair works in the Daejeon area have been caught in large numbers.

The Fair Trade Commission announced on the 25th that it has decided to impose corrective orders and fines totaling 187 million KRW on 10 companies, including Samgeon, Deo Joeun Construction, and Arttech, for colluding on bid prices in repair work tenders issued by six apartment complexes.

From April 2018 to September 2019, these companies prearranged the winning bidder, accomplices, and bid prices in bids for defect and maintenance repair works such as crack repairs and repainting conducted by six apartment complexes, including Hanbit Apartment.

Specifically, one business operator requested other companies attending the site briefing to "help build up performance" by acting as accomplices, disclosed their bid prices to other companies before the bidding, and even prepared estimates on behalf of other companies to participate in the bids.

Using this method, the companies took turns winning contracts for six apartment defect and maintenance repair projects, resulting in contracts totaling 4.37 billion KRW.

The Fair Trade Commission imposed fines of 58 million KRW on Samgeon, which colluded in five bids and won one, 53 million KRW on Deo Joeun Construction, which won repair works worth 2 billion KRW through collusion, 25 million KRW on Naro Construction, 18 million KRW on Arttech, and a total of 187 million KRW in fines on 10 companies.

This content was produced with the assistance of AI translation services.