Firms in China are increasingly being asked to pay to apply for panel appointments, as state-owned enterprises (SOEs) move to outsource procurement processes to tendering agencies amid concerns about corruption. Partners dealing with SOEs in China say they have been asked to submit panel applications through agencies such as CITIC International Tendering Co and China CNTC International Tendering Corporation, and required to pay to take part.
September 12, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
China partners question new trend for tender fees as concerns over corruption linger
Firms in China are increasingly being asked to pay to apply for panel appointments, as state-owned enterprises (SOEs) move to outsource procurement processes to tendering agencies amid concerns about corruption.
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