The competitive bidding process, in which several suppliers or contractors are vying for contracts in what can be a very cutthroat environment can be subverted by:

Question

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Bid-rigging schemes involve suppliers or contractors colluding to fix prices or allocate contracts amongst themselves, effectively nullifying the benefits of competitive bidding. This not only harms the organization issuing the contract by limiting their choices and potentially increasing costs, but also constitutes a violation of antitrust laws.

The Competitive Bidding Process, in Which Several Suppliers or Contractors