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Dictionary by pitch.dog
Regulatory, ethics & conduct compliance · Core

Bid rigging

Also called: collusive bidding

ELI5

Collusion designed to manipulate a competitive tender or procurement process.

Used in conversation

“The draft mentions bid rigging, but the scope and jurisdiction are still unclear.”

Pitch context

You will see “Bid rigging” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches regulatory, ethics & conduct compliance.

Why it matters: In regulatory, ethics & conduct compliance, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 3

Direct term-level sources and supporting source families.