collusive tendering Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “collusive tendering” in the English Dictionary

"collusive tendering" in Business English

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collusive tenderingnoun [U]

uk   us   (also collusive bidding) LAW
a ​situation in which ​companiesshareinformationillegally among themselves when ​offering to ​supplygoods 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)
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