Hong Kong First Ever Competition Law- impacts on Construction Contracting
DescriptionThe first-ever Hong Kong Competition Bill was launched in 2010. It aims to prohibit conduct that prevents, restricts or distorts competition. Under the proposed Competition Law, price-fixing, bid rigging, market allocation and output control are classified as hardcore activities that are deemed anti-competition. The other non-hardcore activities, competition analysis will be conducted to determine if the specific act is anti-competition. This poses potential minefields for current contracting practices defined as those activities in procuring services, equipment and materials. The potential difficulties in construction contracting practices are the minefields left by the not so well defined non-hardcore activities. This exploratory project posits to study the implications of the Competition Law on contracting practices in the Hong Kong construction industry. Contracting practices include. It is anticipated that findings of the project would lead to sector wide study on the effects of the Competition Law on the construction industry.
|Effective start/end date||1/05/12 → 12/01/15|