A fair tendering process is a vital part of a sustainable rehabilitation project, since it allows building owners to have the chance in getting reasonable prices for the renovation works and supports the proper functioning of the building rehabilitation sector. Any corruption or anti-competitive acts will adversely affect the efficiency of the market, and in turn jeopardize the interest of building owners. Therefore, planning for the rehabilitation project to allow fair tendering process is crucial, the social and economic sustainability will be safeguarded.
Building owners may refer to the Building Maintenance Toolkit for the legal requirements relating to the administration of building renovation contracts.
Additional Information: Tender-rigging Poster