collusive bidding
Definition
Attempt by conspiring bidders to circumvent rules and laws laid down to ensure free and competitive bidding. See also auction ring.
collusive bidding is in the Agreements & Contracts and Purchasing & Procurement subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/collusive-bidding.html
email to a friend
print this definition
cite this definition
link to this page