collusive tendering

collusive tendering
A process in which firms tendering for contracts put out to tender by (typically) public authorities agree to share out contracts between them and/or to fix the price at which bids are to be made.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • collusive tendering — ➔ tendering * * * collusive tendering UK US noun [U] (also collusive bidding) LAW ► a situation in which companies share information illegally among themselves when offering to supply goods or services, in order to control the price: »Collusive… …   Financial and business terms

  • tendering — ten‧der‧ing [ˈtendərɪŋ] noun [uncountable] COMMERCE the act or practice of making offers in the form of tenders: • The Government is introducing competitive tendering (= when several companies make tenders to try and get work ) for local leisure… …   Financial and business terms

  • Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… …   Wikipedia

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