Collusive bidding - sustany/dvg GitHub Wiki

Collusive bidding refers to an agreement among two or more competitors to change the bids they otherwise would have offered absent the agreement. Where collusive bidding is well established, prices can rise substantially, in some cases by as much as several hundred percent. Under�Section 1�of�the Sherman Antitrust Act, collusive bidding is per se illegal.

As explained by the International Anti-Corruption Resource Center (IACRC), �collusive bidding refers to agreements by contractors in a particular trade to cooperate to defeat the competitive bidding process in order to assign winners and inflate prices.�

Under�Section 1�of�the Sherman Antitrust Act, collusive bidding is per se illegal.

See Antitrust Law for more information.