For Bid rigging we have terms and definitions in 2 topics. The topics are Energy and Real Estate Auction.

Bid Rigging (Energy)

Bid rigging is the way that conspiring competitors effectively raise prices when purchasers -- often federal, state, or local governments -- acquire goods or services by soliciting competing bids. Essentially, competitors agree in advance who will submit the winning bid on a contract.

Bid Rigging (Real Estate Auction)

The unlawful practice whereby two or more people agree not to bid against one another so as to deflate value.

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