This indicator tells if the procedure was unsuccessful and the procuring entity reasons with grounds (defined by law) qualified as risks (these are the following risk types: only invalid bids (requests to participate) have been submitted OR the procuring entity itself has become unable to conclude a contract OR the procuring entity has decided to declare the procedure invalid because a bidder (competitor) committed an act that harmed the fairness of the competition or the interest of other bidders).
This redflag tells from the wording of the the award notice if it does not indicate the reason for its invalidness, even though the procedure has remained without results (there has been no winning bidder in at least one of the lots of the procurement).
The indicator tells from the wording of the procurement call if the procuring entity applies accelerated procedure (moreover, it implies a significant risk if there are no grounds mentioned for its use).
This redflag indicates risk if a bid's due date has been extended after some of the bids have been submitted AND/OR Some or all bids are disqualified for simple errors AND/OR Complaints from bidders that they were not allowed to submit bids AND/OR A bid is “forgotten” in the safe.
This redflag indicates risk if the winning bid price is much higher than cost estimates or industry averages AND/OR bid prices drop when a new or infrequent bidder enters the bidding process AND/OR persistently high or increasingly high bid prices by all bidders
This redflag indicates risk if a successful bidder subcontracts work to losing bidder(s), which may include those that withdraw their bids AND/OR cross-ownership of bidding companies or family ties (similar names of key staff and owners or family members own the bidding companies)
This redflag indicates risk if a company withdraws its bid often without explanation AND/OR submits incomplete bids too frequently AND/OR submits a fraudulent bid security (indicating that it knows it is not going to win) AND/OR company submits unusually high bid prices (especially if prices are rounded or unnatural numbers occur)