Describe the adopted ways in which collusive bidding or bid rigging may occur.
CS Executive · Economic, Commercial and Intellectual Property Laws · PYQS · December 2023
Describe the adopted ways in which collusive bidding or bid rigging may occur.
Answer & Explanation:
Some of the most common ways in which collusive bidding or bid rigging may occur are: Agreements to submit identical bids Agreements as to who shall submit the lowest bid Agreements for the submission of cover bids (voluntarily inflated bids) Agreement not to bid against each other Agreement on common norms to calculate prices or terms of bids Agreement to squeeze out outside bidders Agreement designating bid winners in advance on a rotational basis, or on a geographical or customer allocation basis.
Topics: Competition Act, 2002
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