| 单词 | bid rigging |
| 释义 | bid riggingDefinition Illegal conspiracy in which competitors join to artificially increase the prices of goods and/or services offered in bids to potential customers. It may also include carving up the potential business between the conspirators. Use 'bid rigging' in a SentenceWe have been very carefully with our job bidding practices to avoid any chance of bid rigging on our part or the contractor's. The bid rigging was suspected after the price reached unprecedented levels but future demand was forecasted to increase so we continued bidding as well. You should never do any bid rigging or you will get a bad reputation that you may not be able to overcome. |
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