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.
17 people found this helpful
The bid rigging was suspected after the price reached unprecedented levels but future demand was forecasted to increase so we continued bidding as well.
15 people found this helpful
You should never do any bid rigging or you will get a bad reputation that you may not be able to overcome.
14 people found this helpful

Email Print Embed