Bid Rigging Litigation Attorneys
Representing clients in Texas and throughout the United States
Big rigging:This is a particular form of price fixing by which two or more competing companies coordinate their bids on procurement or project contracts.
There are two common types of bid rigging. In the first, companies agree to submit common bids, thereby eliminating price competition. In the second, companies agree on which of them will submit the lowest bid and rotate in such a way that each firm wins an agreed number or dollar value of contracts. Government agencies are most often the target of bid rigging.
Bid rigging is one of the most widely prosecuted forms of collusion. Other examples of bid rigging include:
- Subcontract bid rigging. Competing companies work out a deal where they agree not to bid if promised subcontract work from the winning bidder.
- Bid suppression. Competing companies agree that certain firms will not bid in order to help one firm win the contract.
- Complementary bidding (or cover bidding). Intentionally placing a high or unacceptable bid to ensure it will not be chosen.
Many times competing companies will utilize one or a combination of these tactics to divide up a market.
If you know of instances of bid rigging, contact The Coffman Law Firm today for an initial consultation.
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505 Orleans St., Suite 505
Beaumont, Texas 77701
