Cover-quoting: Cape man fined R30 000

Du Plooy, who owned four close corporations (CCs), issued three different quotations to install fibre cabling at municipal premises in the Cape Town suburb of Kuils River.

The quotations were in his CCs' names, which ensured that he was awarded the tender no matter which of the three quotations was accepted – a practice known as "cover-quoting".

via www.news24.com

Useful to know.  The actual conviction was for fraud.

Leave a Comment

Your email address will not be published. Required fields are marked *