This is a form of bid-rigging
under which competitors share out the market between them.
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
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.