Federal scrutiny of condo procurement should be sufficient reason for diligent condo boards to examine their procurement practices.
A years-long inquiry into allegations of bid-rigging and conspiracy in the supply of condo refurbishment services has finally wrapped up.
The Competition Bureau negotiated the terms of agreement to address concerns that one company would gain predominant market share, driving up prices for key components of electricity transmission/distribution systems and telecommunications networks.
News of a Competition Bureau inquiry has put a spotlight on procurement practices in the condominium industry.
It’s too soon to know what the ultimate fallout from the Competition Bureau’s investigation into allegations of bid-rigging and conspiracy in the supply of condo refurbishment services might be.