| Title |
A Study on Predicting the Potential for Bid-Rigging among Bidders using FTT in Public Construction Projects |
| Authors |
Cho, Jin-Ho ; Shin, Young-Su ; Kim, Byung-Soo |
| DOI |
https://dx.doi.org/10.6106/KJCEM.2023.24.6.036 |
| Keywords |
Bid-Rigging; Public Construction Projects; Fraud Triangle Theory (FTT); Binary Logistic Regression Analysis |
| Abstract |
The aim of this study is to predict the potential for bid-rigging among public construction bidders and develop preventive and responsive measures. By employing the Fraud Triangle Theory (FTT), which considers the factors of opportunity, pressure, and rationalization, we analyze and explore the bid-rigging potential among construction industry professionals. A survey is conducted among General and specialized construction firms to validate the FTT research model and predict individual bid-rigging tendencies. The results indicate that higher levels of pressure, greater opportunities, and stronger rationalization increase the likelihood of individual bid-rigging. Moreover, more opportunities and stronger rationalization also raise the potential for bid-rigging by others. Understanding these dynamics enhances our knowledge and contributes to the development of policies aimed at preventing bid-rigging. |