Evidence of suppliers conspiring to fix the bidding process in a manner that suits their collective needs or wishes is recognized as a serious criminal offence that attacks the heart of the competitive process.

Question

Quizplus · Accepted Answer

This statement is true. Bid-rigging or collusive bidding is considered a criminal offense and is prohibited by competition laws in many countries. It involves suppliers conspiring to manipulate the bidding process to eliminate competition, artificially increase prices, and secure contracts. This undermines the principles of fair competition and results in higher costs for the procurer and ultimately the end consumers.

Evidence of Suppliers Conspiring to Fix the Bidding Process in a Manner