Coaxial cable, or coax (pronounced / Ë k oÊ. Ã¦ k s /), is a type of electrical cable that has an inner conductor surrounded by a tubular insulating layer, surrounded by a tubular conducting shield.
DEFINITION of 'Bid Rigging'. A scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price.Bid rigging stifles free-market competition, as the rigged price will be unfairly high. The Sherman Act of 1890 makes bid rigging illegal under U.S. antitrust law. scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price. Bid rigging stifles free-market competition, as the rigged price will be unfairly high.
Bid rigging has been going on in the construction industry for decades and the process is usually an informal one conducted discreetly, where one contractor simply inquires of another whether they are interested in a particular project.onstruction company involved in bid rigging arrangement. by Inna Kraner -. This case involves a company that was a wholly owned subsidiary of a transportation construction, chemical, and petroleum company headquartered in the South.