Master Market Analysis: Stop Bid Rigging & Ensure Fair Prices
Are you confident you’re getting the most competitive prices for your projects? In today’s complex market, understanding and performing effective market analysis is crucial to identify and deter collusive bidding practices.
Watch our free, annual Market Analysis Training Webinar, available on demand, and gain the essential skills to protect your investments and ensure healthy competition. This in-depth online training is designed to equip you with actionable strategies to spot warning signs, prevent fraud, and build a proactive defense against bid rigging.
Don’t miss this opportunity to level up your analysis capabilities and safeguard your budget.
What You’ll Learn
The first three essential steps to conducting a robust market analysis.
Key indicators to help you identify collusive behavior.
Proactive steps you can take to deter collusion before it even starts.
How to build a comprehensive, proactive investigation guide for your team.
What is Anti-Competitive Bidding?
Collusive bidding is an anti-competitive practice where two or more companies agree to manipulate the bidding process for a contract, often by agreeing on who will win or submitting inflated bids. This practice often leads to higher prices and unfair allocation of contracts. It undermines fair competition and can cause harm to consumers, taxpayers, and the integrity of the bidding system.
This type of collusion is illegal under antitrust laws, particularly the Sherman Antitrust Act, and can lead to severe penalties, including hefty fines and imprisonment.
