Bid Rigging

Bid rigging is a form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid. This form of collusion is illegal in most countries. It is a form of price fixing and market allocation, often practiced where contracts are determined by a call for bids, for example in the case of government construction contracts.

Bid rigging almost always results in economic harm to the agency which is seeking the bids, and to the public, who ultimately bear the costs as taxpayers or consumers.

Read more about Bid RiggingTypes of Bid Rigging, North America, United Kingdom, Japan

Other articles related to "bid rigging":

Bid Rigging - Japan
... Although both a violation of Japanese criminal law and the Japan Anti-Monopoly Law, bid rigging is still a habitual practice of the Japanese construction industry ... Prefecture, resigned over a series of bid rigging allegations and was subsequently sentenced to over three years in jail As of 2008 thirteen lawsuits were still ...

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