The Bid Rigging

Bid rigging is a form of fraud where groups of competitors agree in advance on who will win a bid for a contract, often through secret arrangements or price fixing. Instead of competing honestly, they manipulate the bidding process to favor a designated bidder, which can lead to higher prices and unfair advantages. This practice undermines fair competition, wastes resources, and can result in government or private organizations paying more than they should for goods or services. It is illegal and considered a serious breach of trust and fair market principles.