collusive bidding definition
collusive bidding or “bid rigging” means any agreement, between enterprises or persons engaged in identical or similar production or trading of goods or provision of services, which has the effect of eliminating or reducing competition for bids or adversely affecting or manipulating the process for bidding
collusive bidding means any agreement or understanding reached by two or more parties that in any way alters the bids the parties would otherwise offer absent the agreement or understanding.
collusive bidding or “bid rigging” means any agreement, between enterprises or
More Definitions of collusive bidding
collusive bidding means an agreement among two or more Bidders to work together to gain an unfair market advantage, to engage in market manipulation, restraint of trade, or bid rigging, or to otherwise engage in any other conduct or conspiracy that violates or implicates the Sherman Antitrust Act or Clayton Antitrust Act, both as codified in 15 U.S.C. § 1, et seq., or any other federal or state law governing free market competition.
collusive bidding means an unethical and illegal practice in which suppliers act in collusion to “fix” their bids in a collectively advantageous manner.
collusive bidding or “bid rigging” means any agreement, between enterprises or persons engaged in identical or similar production or trading of goods or provision of