| 单词 | bid rigging |
| 释义 | bid rigging bid rigging noun [U]
(Commerce )
1 when two or more businesses who are competing to do work or provide services for a company, an organization, etc. secretly work together to gain an advantage for themselves and deceive the company buying the work or services. This is an illegal practice.
2 when two or more people agree not to bid against each other at an auction in order to keep the price of the item lower than it should be. This is an illegal practice. |
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