bid rigging
Corrupt contract allocation
Bid rigging is a form of fraud in which competitors secretly agree to manipulate the bidding process, ensuring a predetermined winner while maintaining the appearance of competition.
Common schemes include agreeing to submit artificially high bids, taking turns winning contracts, or having the chosen winner compensate losing bidders.
The contractors were convicted of bid rigging on government projects.
Bid rigging is illegal under antitrust laws in most jurisdictions.
Coordinated artificial cost-setting
- cartelPrice-fixing coalition
- conspiracyClandestine coordinated scheming
- kickbacksIllegal return payments
- backroom dealSecret unofficial agreement
Corrupt payment for influence
- kickbacksIllegal return payments
- graftIllicit political gain
- fraudIntentional criminal trickery
- cronyismFavoring friends in appointments
malfeasance · payoffs · underhanded · embezzlement · extortion · favors · illicit payments · public trust
Enforceable written agreement
- tenderSoft or sore
- government contractAgreement with a state entity
- public worksGovernment-built community structures
- constructionProcess of building something
infrastructure · supplier · vendor · request for proposal · specifications · subcontractor · municipal · defense contract
Unlawful restraint of trade
- legal penaltiesPunishments imposed by courts
- market manipulationArtificially distorting asset prices
- unfair competitionDeceptive marketplace practices
- federal investigationOfficial government criminal inquiry
criminal prosecution · civil penalties · whistleblower · compliance · consent decree · class action · plea agreement · indictment
price-fixing
Coordinated artificial cost-setting
- cartelPrice-fixing coalition
- conspiracyClandestine coordinated scheming
- kickbacksIllegal return payments
bribery
Corrupt payment for influence
cronyism · malfeasance · payoffs · underhanded · embezzlement · extortion · favors · illicit payments · public trust · insider
contract
Enforceable written agreement
- tenderSoft or sore
- government contractAgreement with a state entity
- public worksGovernment-built community structures
construction · infrastructure · supplier · vendor · request for proposal · specifications · subcontractor · municipal · defense contract · school district
antitrust violation
Unlawful restraint of trade
- legal penaltiesPunishments imposed by courts
- market manipulationArtificially distorting asset prices
- unfair competitionDeceptive marketplace practices
federal investigation · criminal prosecution · civil penalties · whistleblower · compliance · consent decree · class action · plea agreement · indictment · grand jury
- auctionsauction, auctioneer, auction house, auction houses, hammer price
- wrongdoingmisconduct, crime, sabotage, crimes, misbehavior
- corruptioncorruption, graft, kickbacks, bribery, bribes
- dirty trickscheating, lying, deceit, trickery, deception
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- corporate crimescorporate fraud, securities fraud, insider trading, price fixing, embezzlement
bid riggingcompetitive bidding
Rivals offering prices
open competition · merit-based selection · level playing field · fair competition · public auction
bid rigginghonest
Free from deception
transparent · fair dealing · fair · integrity · compliance
bid, rig, bidding, rigged, bids, bidder, rigging, outbid, bidders