bid-rigging — This is when companies agree the outcome of a tender process amongst themselves either by deciding in advance which company will bid, who will bid the best price or what the tender price should be. Bid rigging is strictly prohibited under… … Law dictionary
bid rigging — This is when companies agree the outcome of a tender process amongst themselves either by deciding in advance which company will bid, who will bid the best price or what the tender price should be. Bid rigging is strictly prohibited under… … Law dictionary
Bid rigging — is an illegal agreement between two or more competitors. It is a form of collusion, which is illegal in most countries. It is a form of price fixing and market allocation, and it involves an agreement in which one party of a group of bidders will … Wikipedia
bid-rigging — ˈbid ˌrigging noun [uncountable] 1. LAW COMMERCE a type of fraud in which businesses that are competing against each other for a contract secretly make arrangements with each other in order to get advantages for themselves, for example by… … Financial and business terms
bid rigging — UK US noun [U] LAW ► illegal behaviour by companies that are competing for work in which they make a secret agreement, for example to increase their prices or to share the work, in order that they both gain financially: »The Office of Fair… … Financial and business terms
rigging — rig‧ging [ˈrɪgɪŋ] noun [uncountable] COMMERCE LAW when companies, groups of investors work together illegally or unfairly to influence prices, conditions etc to their advantage ˈmarket ˌrigging COMMERCE LAW when some of the compan … Financial and business terms
ACE Limited — Type Public (NYSE: ACE) S P 500 Component Industry … Wikipedia
Zurich Financial Services — AG Type Aktiengesellschaft Traded as SIX: ZURN … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Price fixing cases — USAir TravelOn 1 August 2007 it was reported that British Airways has been fined £121.5 million [ cite news | title = BA gets £121.5m price fixing fine| publisher = BBC News | date = 8 January 2007 | url =… … Wikipedia
