bid rigging prevention

Bid rigging prevention involves implementing measures to ensure fair competition in tendering processes. This includes monitoring bidding activities for suspicious patterns, promoting transparency by publicizing procurement procedures, and enforcing strict rules and penalties for collusion among bidders. Organizations may also use independent review panels and digital tools to detect irregularities. These strategies help prevent illegal agreements where competitors secretly coordinate to fix prices or divide contracts, ensuring that procurement is competitive, fair, and results in the best value for public or private entities.