bid-rigging
C1CEFR level
65/100Rarity: rare
TechnicalRegister
A form of cartel in which competitors coordinate their responses to a tender, for example through cover pricing or bid rotation.
The construction firms engaged in bid-rigging by submitting agreed cover bids.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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