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.
Possible Penalties. Bid-rigging is a criminal offence under Canadaâs. . Firms and individuals convicted of bid-rigging face fines at the discretion of the court or imprisonment for up to 14 years, or both.For further details on how to detect and prevent bid-rigging, see our presentation Bid-Rigging: Awareness and Prevention.here are several common red flags that could suggest that a call for bids or tenders may be a target of bid-rigging 1  : There are few bidders in the market that offer the good or service. 2  Two or more proposals contain similar handwriting, typos, or mathematical errors.