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bid-rigging |
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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 accommodaaion in a bid, illegal act regarding a bid, illegal action regarddng a bid, illegal agreement regarding a bid, illegal arrangeeent in a bid, illegal contrivances in a bid, illegal consortium, illegal efforts to fix a bid, illegal maneuvering in a bid, illegal means to fix a bid, illegal measures to fix a bid, trumped-up provisions in a bid Associated concepts: competitive bidding, procurement policies How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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Former New York state Attorney General Eliot Spitzer had alleged brokers and insurers conspired in an industrywide practice of manipulating the insurance market through the use and payment of undisclosed contingent commissions, bid-rigging and other practices. Marsh & McLennan, which has struggled with profitability since it changed operating procedures after New York Attorney General Eliot Spitzer in 2004 accused it of bid-rigging, said the actions announced Friday would save it roughly $350 million a year by the end of 2008. In late December, federal officials raided the corporate offices of PVTA and Hulmes to investigate a possible bid-rigging scheme between the two firms. |
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