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In the current struggling economic climate and due to the shortage of infrastructure projects plaguing the South African construction industry, it comes as no surprise that there is fierce competition among contractors to be awarded the little work that remains. As a result, it is common for contractors to up the ante of their tender submissions by submitting incorrect or misleading information in an effort to make their tender proposals appear more favourable, and ultimately gain some form of advantage over their competitors.
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Effect of fraud on dispute resolution clauses
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