World Bank Group debars FCC Construccion
The World Bank has debarred FCC Construccion, a Spain-based company that specializes in civil works construction, for two years.
The debarment is in connection with fraudulent and collusive practices during two bidding processes under the Río Bogotá Environmental Recuperation and Flood Control Project in Colombia.
FCC Construccion participated in the bidding processes under two World Bank-financed contracts under the project. In the first bidding process, the company arranged with public officials, through a subcontractor and a commercial agent, to have a competitor disqualified. The company also misrepresented the use of the contract’s advance payment.
In the second bidding process, FCC Construccion knowingly misrepresented the composition and the roles of three companies within a consortium that would execute the contract. The consortium that ultimately won the contract does not include FCC Construccion
