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Events

 

Cartel Dangers in HE Procurement

14 Jul 2020
Start Time:
10:30
End Time:
11:30
Host:
SUPC
Location:
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Description:

Session overview: Bid rigging, where two or more companies secretly agree that one of them will win a contract during a tender process, is a type of cartel conduct.  It can inflate contract costs and tricks procurers into thinking that the prices and bids submitted are a result of genuine competition when in reality they’re being ripped off.  At the Competition and Markets Authority (CMA), the UK’s competition watchdog, they've come down hard on businesses caught doing this.  For example, the CMA fined five businesses a total of over £7 million for their part in cover bidding activity in the office fit-out sector.  One of the victims was a further education college.  This presentation will lift the lid on this case and others, highlighting cartel red flags and drawing out lessons learnt for procurers.

 

Speaker: Georgina Laverack, CMA Assistant Director, Cartels Enforcement

 

Georgina is an Assistant Director in the CMA’s Cartels Enforcement team - investigating cartels and promoting compliance with competition law.  She has worked at the CMA (and previously the OFT) across a number of different roles including legal and policy as well as cartel enforcement.  Georgina led a team working on policy issues and drafting guidelines for business following the adoption of Competition Act 1998 and has provided legal advice in relation to cartel cases.  She has also represented both the OFT and CMA commenting on draft EU and UK competition legislation and EU Commission guidelines.

 

Georgina has a postgraduate degree in European Law.  Prior to the CMA and OFT, she was as a solicitor in private practice specialising in EU competition law, in both London and Brussels. 

 

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