bid-rigging

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
Mentioned in ?
References in periodicals archive ?
"Illegal bid-rigging schemes violate fundamental tenets of government contracting and lead to inflated charges and costs to the government," said Assistant Attorney General Jody Hunt for the Department of Justice's Civil Division.
Engineering firm Dessau will pay $1.9 million in relation to bid-rigging on municipal infrastructure contracts in Quebec from 2003 to 2011.
The Philippine Competition Commission (PCC) yesterday announced the start of a preliminary inquiry into the possible bid-rigging of the first ever government project located in Luzon and awarded in 2017, involving hundreds of millions of pesos.
PCC chairman Arsenio Balisacan, in a press conference yesterday, said the competition watchdog has authorized a preliminary inquiry into a possible bid-rigging of a government project awarded in 2017.
The construction industry is especially susceptible to bid-rigging scams.
He said this would be because of harmful anti-competitive conducts such as bid-rigging and collusive tendering, market allocation, price fixing and predatory pricing will become prevalent in the market.
The Philippine Competition Commission (PCC) has teamed up with the Office of the Ombudsman in a bold new campaign to weed out bid-rigging, price fixing and cartels in government procurements and projects.
A judge in Michigan has ruled that Oklahoma-based Chesapeake Energy Corp must face a criminal trial on a charge of bid-rigging with competitor Encana Corp at a 2010 state land lease auction, citing evidence of a conspiracy between the companies that drove state lease prices down sharply.The ruling, issued by Judge Maria Barton of Michigan's Cheboygan County District Court, dismissed two other criminal charges brought against Chesapeake by the office of Michigan's Attorney General.
Eryylmaz and 20 other suspects were detained recently as part of an investigation into corruption, bribery, embezzlement and bid-rigging claims.
Denso exec pleads guilty, to serve prison term over bid-rigging
The contractors and the association are believed to have engaged in bid-rigging for more than 10 years over road construction and river development projects that were financed by the Land, Infrastructure, Transport and Tourism Ministry and the Kochi prefectural government.
Santa Cruz County has announced that it will end ties with JP Morgan (NYSE: JPM) and Bank of America Corp (NYSE: BAC), which were involved in allegations of municipal bid-rigging.