Bid Rigging Glossary Definition - Tradogram
Bid Rigging
Understand bid rigging and its implications on fair competition. Learn to recognize and avoid unethical practices in procurement.
Bid rigging occurs when collusion takes place between one or more parties that are bidding on a project. In most countries, this is an indictable criminal offence. An example of bid rigging activity by suppliers is purposefully bidding with unacceptably high prices or disagreeable conditions in rotation to create a false cycle of winning bid submissions by the colluding parties.
