Bid rigging is recognised around the world as one of the most serious violations of competition law and as a result is often a key focus area for competition authorities around the world. 

By the end of this article YOU as a business or a simple consumer will understand the meaning of bid rigging, why and how it affects competition. 

It all starts with a bidding process whereby a government entity or a business seeks and receives quotations from various businesses for a particular project that is to be contracted. Usually the award of contract is based on quality and price considerations.  

Now, what is bid rigging and how does it occur? 
First of all, bid rigging is an anti-competitive agreement between businesses or persons submitting bids to receive a contract. Bid rigging occurs when two or more persons enter into an agreement to submit a winning bid for a particular contract in a tender process.