Bid rigging is a form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid.
DEFINITION of 'Bid Rigging' A scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price.
Price Fixing, Bid Rigging, and Market Allocation Schemes: What They Are and What to Look For . An Antitrust Primer . This primer briefly describes the ...
bid-rigging noun conspiracy to fix a bid, contrived bidding, criminal act regarding a bid, criminal contrivance in a bid, fixing a bid, fraudulence in a bid, illegal ...
Whenever business contracts are awarded by means of soliciting competitive bids, coordination among bidders undermines the bidding process and can be illegal.
Learn about common antitrust schemes like bid rigging, and the charges that derive from these types of criminal allegations.
The bid rigging was suspected after the price reached unprecedented levels but future demand was forecasted to increase so we continued bidding as well.
Bid-Rigging. Bid-rigging occurs when two or more persons agree that, in response to a call for bids or tenders, one or more of them will: not submit a bid;
If you are a victim or suspect you're a victim: Because bid rigging is a federal crime, the U.S. Department of Justice investigates complaints.
Preventing And Detecting Bid Rigging, Price Fixing, And Market Allocation In Post-Disaster Rebuilding Projects