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
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References in periodicals archive ?
This is a form of bid-rigging under which competitors share out the market between them.
Bid-rigging remains entrenched in Japan's construction sector and other industries, despite repeated efforts to crack down and pledges by contractors to eliminate the practice.
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.
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.
South AfricaEoACAOs Competition Commission has implicated five of the countryEoACAOs major construction companies in anti-competitive behaviour during its probe into 65 bid-rigging cases involving more than 70 projects valued at 29 billion rand (about US$4 billion).
A federal appeals court in Philadelphia in August reinstated some of the bid-rigging allegations against numerous insurance carriers and insurance brokers contained in a nationwide policyholder lawsuit.
also known as CDR Financial Products, a Los Angeles-based financial products and services firm, pleaded guilty last year to bid-rigging and fraud conspiracies.
Perhaps guided by that maxim, Bulgaria's Commission on Protection of Competition (CPC) spared no detail in compiling its list of circumstances whose presence was sufficient to generate suspicion of potential bid-rigging in public procurement tenders.