Anustup Chandra Heavy Electricals Ltd., is a major player in the league of manufacture of heavy industrial boilers and steam turbine. The company had won a major bid for a big project in Colombo for fabrication of 10,000

The forensic auditor in order to determine the merit of the complaint made by three bidders as to the collusive bidding shall look into following aspects as indicators/red flags:- Whether the winning bids are low when benchmarked against the company estimates, past experience and industry standards. Whether the entities complained against, had very close price range, similar experience tenure, consistent in terms, conditions and technical specifications. Whether these entities were operating from same building with just different office/door numbers marked like say 23A, 23B, 23C, etc. Whether some of the qualified bidders who failed to make it to short list were internally rated good for performance, based on past experience and their marked reputation. Unusual bid patterns (e.g. the bids are exact percentage apart, winning bid is just under thresh hold of acceptable prices, exactly at budget price, too high, too close round numbers, incomplete etc.) Conflict of interest angle needs to be looked into i.e. any relationship exists between procurement head and the chosen vendors.