10. Wrong Practices in Contracting

Try these first

1. 1.

   What is bid shopping?

   Hint

   Think about pricing after winning a bid.

2. 2.

   Define bid fixing.

   Hint

   What happens when companies agree on prices?

3. 3.

   What is bid shopping?

   • Seeking cheaper subcontracts after winning a bid
   • Increasing bid prices
   • Collaborating to fix bids

   Hint

   Think about price adjustments after securing a contract.

4. 4.

   True or False: Cartels enhance competition.

   • True
   • False

   Hint

   Focus on the role of collusion in business practices.

5. 5.

   Consider a scenario in which a contractor engages in bid shopping. What steps could the original bidder take to safeguard against this malpractice?

   Hint

   Focus on preventative measures in contract writing.

6. 6.

   Imagine a city suffers from cartel activity in municipal contracting. Discuss strategies that could be deployed to eliminate these practices.

   Hint

   Consider the role of governance in market regulation.