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Concept

Bid rigging Definition

A fraudulent scheme in which competitors collude to influence the outcome of a bidding process, often leading to higher prices or less competition.

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Courses and Mircolessons that cover Bid rigging

Course-Antitrust-Compliance-Training-Course

Antitrust Compliance & Competition Training

What antitrust is and the major antitrust and anti-competition laws.
Course
Ethics

Additional Information on Bid rigging

No video ID provided.

Frequently Asked Questions

Bid rotation, bid suppression, or complementary bidding are some common forms.
By implementing strong compliance programs and monitoring procurement processes.
Yes, it violates antitrust and competition laws in many jurisdictions.
Bid rigging is a form of collusion where companies agree on bids to eliminate competition, which can lead to inflated prices and unfair practices.

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