Meaning of “collusive tendering” in the English Dictionary


"collusive tendering" in Business English

See all translations

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)