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.
Like price fixing agreements, the Sherman Act makes all bid rigging schemes automatically illegal.âBid riggingâ refers to an agreement between competing bidders for a contract job.Competing bidders will agree to reduce competition in the bidding process by any number of methods, including submitting artificially high bids or having one firm agree not to submit a bid at all.Bid riggingâ refers to an agreement between competing bidders for a contract job. Competing bidders will agree to reduce competition in the bidding process by any number of methods, including submitting artificially high bids or having one firm agree not to submit a bid at all.