Contract signed at an amount 4.9 million won lower than the lowest bid price after competitive bidding,
,
,
Fair Trade Commission Sejong Headquarters
<<Provided by the FTC>>,
,
, ‘ (Sejong=Yonhap News) Reporter Park Jaehyun = Geumgang Comprehensive Construction, which unilaterally lowered subcontracting fees during the competitive bidding process, has been sanctioned by the Fair Trade Commission.’,
,
, ‘ The FTC announced on the 21st that it had imposed a corrective order and a fine of 37.9 million won on Geumgang Comprehensive Construction for violating subcontracting laws.’,
,
, ‘ According to the FTC, Geumgang Comprehensive Construction conducted a competitive bidding process for the reinforced concrete construction project of a residential complex in Anheung-dong, Ichon, in March 2018.’,
,
, ‘ Subsequently, when signing the construction contract, they unilaterally reduced the construction fees after additional price negotiations with the top 2-3 companies, including the lowest bid contractor.’,
,
, ‘ As a result, the lowest bid contractor had to sign a subcontracting contract at an amount 4.9 million won lower than the lowest bid price.’,
,
, ‘ The FTC decided on sanctions, stating that Geumgang Comprehensive Construction had directly harmed the subcontractor due to unjustifiably reducing the subcontracting fees.’,
,
, ‘ The FTC stated, “We will rigorously respond to unfair acts that infringe on the rights of subcontractors.”‘,
,
, ‘ [email protected]’,
,
,