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Collusive tendering deprives customers of the benefits of competition.
Financial and business terms. 2012.
collusive tendering — A process in which firms tendering for contracts put out to tender by (typically) public authorities agree to share out contracts between them and/or to fix the price at which bids are to be made. Practical Law Dictionary. Glossary of UK, US and… … Law dictionary
tendering — ten‧der‧ing [ˈtendərɪŋ] noun [uncountable] COMMERCE the act or practice of making offers in the form of tenders: • The Government is introducing competitive tendering (= when several companies make tenders to try and get work ) for local leisure… … Financial and business terms
Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… … Wikipedia
