Meaning of “collusive tendering” in the English Dictionary

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"collusive tendering" in Business English

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collusive tenderingnoun [ U ]

uk us also collusive bidding LAW

a situation in which companies share information illegally among themselves when offering to supply goods or services, in order to control the price:

Collusive tendering deprives customers of the benefits of competition.

(Definition of “collusive tendering” from the Cambridge Business English Dictionary © Cambridge University Press)