Collusion or bid-rigging between bidders is called
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A. B. C. D.D
The correct answer is B. Bid solicitation.
Collusion or bid-rigging between bidders occurs when two or more bidders collaborate to manipulate the bidding process. This is typically done to increase the likelihood of winning a contract and/or to inflate the price of the contract.
Bid solicitation is the act of requesting bids from potential suppliers or contractors for a specific project or purchase. In the context of collusion or bid-rigging, bidders may collude to submit non-competitive bids or to withdraw low bids in order to increase the chances of another bidder winning the contract or to inflate the price of the contract.
A. Bribery receipt refers to the act of accepting or receiving a bribe, which is a form of corruption. This is not directly related to collusion or bid-rigging.
C. To withdraw low bids is a tactic used by colluding bidders, but it is not the term used to describe the overall practice of collusion or bid-rigging.
D. Contract acceptance refers to the final step in the procurement process, in which the successful bidder is awarded the contract. While collusion or bid-rigging may impact contract acceptance, it is not the term used to describe the overall practice of collusion or bid-rigging.