In which phase of competitive bidding process, fraudsters attempt to influence the selection of a contractor by restricting the pool of competitors from whom bids are sought?

Question

Quizplus · Accepted Answer

During the solicitation stage of the competitive bidding process, fraudsters may attempt to restrict the pool of competitors by providing biased or incomplete information, which may lead to the selection of a preferred contractor. This practice is known as bid rigging and is considered illegal. Therefore, choice B is correct. In the need recognition stage, potential buyers identify their requirements for goods or services. In the false specification stage, the requirements are manipulated to favor a particular vendor or supplier. In the submission stage, bids are received and evaluated based on predetermined criteria.

In Which Phase of Competitive Bidding Process, Fraudsters Attempt to Influence