Bid rigging schemes are anticompetitive agreements where several parties agree in advance which party will win a commercial contract. Bid rigging schemes most commonly occur in situations where contracts are awarded by evaluating multiple competitive bids, such as government contract work.
In a bid rigging scheme, some parties can agree to not submit bids, or to submit bids that are too high or contain unacceptable conditions. In some cases, parties that are not designated to win the bid are promised subcontract work by the successful bidder.
Laws Prohibiting Bid Rigging
Under federal and some state laws, private parties (businesses or consumers) who were harmed by anticompetitive conduct can bring antitrust lawsuits seeking damages (in some instance treble damages) and injunctive relief.
Victim of Bid Rigging Antitrust Violation?
Question concerning antitrust laws? Fill out the form to the right or call toll free 866-981-4800 to speak with an antitrust attorney.