bid rigging

Popular Terms
Illegal conspiracy in which competitors join to artificially increase the prices of goods and/or services offered in bids to potential customers. It may also include carving up the potential business between the conspirators.

Use 'bid rigging' in a Sentence

We have been very carefully with our job bidding practices to avoid any chance of bid rigging on our part or the contractor's.
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The bid rigging was suspected after the price reached unprecedented levels but future demand was forecasted to increase so we continued bidding as well.
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You should never do any bid rigging or you will get a bad reputation that you may not be able to overcome.
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