no-bid contract
Uncontested government agreement
A no-bid contract is an agreement awarded to a contractor without competitive bidding.
Governments and institutions normally solicit multiple bids to ensure fair pricing, but emergencies, specialized expertise, or sole-source situations may justify bypassing this process.
The term often carries connotations of cronyism or corruption: The senator's brother-in-law received a no-bid contract worth millions.
- sweetheart dealUnusually favorable contract terms
- cronyismFavoring friends in appointments
- favoritismPreferential treatment of some
- pay to playFee required for participation
- corruptionDishonest abuse of power
kickback · insider · smoke filled room · procurement · defense spending · Pentagon · Iraq War · Halliburton · cost plus · backroom · closed door · handshake · rigged · collusion · rubber stamp · government · taxpayer · overpriced
no-bid contractcompetitive bid
Offer made against rivals
competitive bidding · sealed bid · RFP · open competition · public auction
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