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UK uses AI to tackle ‘bid-rigging’ collusion in public procurement contracts
The UK is tackling "bid-rigging" in public procurement contracts through a new pilot programme that applies AI to large swathes of data.
As per a Financial Times’ report this week, the Competition and Markets Authority (CMA) is tackling so-called “bid-rigging” in public procurement contracts through a pilot program that applies AI to large swathes of data, to identify scenarios where competing companies may have colluded to manipulate the bidding process and artificially inflate costs. “We know that procurement markets are at significant risk of bid-rigging,” CMA chief Sarah Cardell (pictured above) told the FT. “We’ve now got the capability to be able to scan data at scale, bidding data at scale, to spot anomalies in that bidding data, and to identify areas of potential anti-competitive conduct.”
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