Not Bid
Monday, April 27th, 2009Looking For Not Bid ? Then This is Where You Want to Be
 |
 Tony Hawks Pro Skater PlayStation PS1 2 3 DISC TESTED  US $2.99
|
 Martin the Warrior by Brian Jacques 1995 PB Good US $2.09
|
 Mr Gasket HEADER BOLT chevrolet R1500 SUBURBAN 91 90 89 US $20.22
|
 hand modelled flat backed Mauryan hand modelled US $436.80
|
 Hitman Contracts PlayStation 2 PS2 US $11.99
|
 Mr Gasket VALVE COVER SET american motors AMBASSADOR 72 US $15.86
|
 Mirror Image by Tom Clancy 1995 PB Good US $1.99
|
 4PCS Fashion Paul Frank Watch For Girls Ladies Gift FAK US $.01
|
 L New Women Garment Beautiful Velvet Tops Nepal US $15.63
|
 Laptop Battery For HP Compaq Pavilion dv3011TX dv3012TX US $34.90
|
 KISS GUIDE TO PLAYING GUITAR WITH CD BURROWS US $18.87
|
 16 8MM WHITE GREEN TURQUOISE HOWLITE CUBIC LOOSE BEADS US $.99
|
 65mm Male to 35mm Female Stereo Audio Adapter Y 163 US $.99
|
 Wedding bridal crystal Necklace Earring Tiara set 5042 US $9.13
|
 73 HISTORY OF CAXTON ENGLANDS FIRST PUBLISHER BY BLAKE US $6.00
|
 Harappan clay stamp seal floral Indus valley US $40.00
|
 Mistress of the Dark by Sephera Giron 2005 PB VG US $2.49
|
 Mr Gasket OIL BREATHER CAP chevrolet C10 81 80 79 78 77 US $14.76
|
 Green Neoprene Sleeve Case Bag for 10 Laptop Notebook US $8.10
|
 Mr Gasket OIL PAN gmc K35 K3500 PICKUP 74 73 71 70 69 US $13.69
|
 Ring 18K Gold GP use Swarovski Crystals sz7 1649y US $10.04
|
 New Ladies Embroider Flower Wallet Tiers Handbag Green US $8.23
|
 Toy Car Racing Mini Remote Control Speed Racer Auto 31 US $13.45
|
 Lady Striped Sleeveless Round Neck Rib Knit Tank Top S US $11.00
|
 Apple Original Power AC Adapter USA extension AC Cord US $8.69
|
 KAWASAKI 06 07 ZX 10R ZX10R 10R Ninja Fairing NEW Body US $319.00
|
 Antique Style Bronze Rose Necklace Pocket WatchesHB12 US $3.27
|
 New White SILICONE CASE FOR APPLE Ipod touch 4 4th Gen US $.99
|
 DG Hot Fashion Womens Sunglasses Exclusive Design New US $9.95
|
 Mr Gasket HEADER BOLT chevrolet MONTE CARLO 76 75 74 73 US $20.22
|
 CIGARETTE CARD BOX WITH LIGHTER 62C panda cartoon US $7.99
|
 Single Handle Chrome Waterfall Bathroom Sink Faucet US $19.99
|
 73 PRINTER PLAYGROUND AUTOBIOGRAPHY BY OLIVER SIMON US $6.00
|
 Night Remembers by Kathleen Eagle 1998 PB VG US $2.49
|
 3 PCS Hard Back Case Cover For Apple Iphone 4G OS 4 4X US $.97
|
 1 x Touch stylus Pen Nintendo NDS DS Lite NDSL BL US $.10
|
Bid Rigging - Conspiring to Fix a Bid Price
Bid rigging refers to the felony crime of conspiring with other competitors to raise purchase prices set for local, state, or federal government bids
The US government often accepts bids for the procurement of goods and services. When competitors commit the crime of bid rigging, they agree among themselves in advance which competitor will put forward the winning bid on the government contract.
By conspiring, bid riggers keep prices up and ensure that each competitor gets his crack at a government contract. It isn't necessary that all competitors are involved in the conspiracy. But if enough are, it can influence a government decision maker who will be likely to ignore or be skeptical about lower-priced bids if the majority submits higher price points.
Consequences for Riggers
Bid rigging violates federal law (i.e., the Sherman Act) and may carry fines for corporations up to $10 million. For individuals the penalty is up to $350,000, a 3-year prison term, or both, if the violation was committed before 22 June 2004.
If the violation was committed before this date, the maximum fine for corporations is $100 million. For individuals, it's $1 million and a maximum 10-year sentence.
In some cases, maximum fines are raised above Sherman Act limits to TWO TIMES the loss/gain involved. Penalty enhancers, include mail/wire law violations, false statements offenses, etc., which make the perpetrator subject to fines and sentencing for these other crimes.
Aside from criminal penalties, a bid rigger also faces potential civil recovery by victims who may get up to THRICE the amount of original damages suffered.
On top of it all is the damage to a firm's reputation, as in the case insurance giant Marsh & McLennan.
Beleaguered by bid rigging allegations, the firm had to change its leadership and sell off assets (like its $25-million Falcon jet) to cover losses. And, as if to distance itself from the excesses of the past, it even turned its ousted CEO's posh executive suite into a conference room.
Four Types of Bid Rigging
Virtually all types of bid rigging tactics involve an arrangement among several or all bidders to predetermine the winning bid and eliminate competition. Four of the most common types of bid rigging plans are
1. Cover Bidding. Also called complementary bidding, this is the most common form of bid rigging. Riggers agree to make bids priced too highly (hence the word "cover") to be chosen or that contain unacceptable terms to the purchaser. These cover bids make it seem that real competitive bidding is going on when, in fact, they conceal secretly puffed up pricing.
2. Bid Suppression involves refraining from bidding or withdrawing one's bid to cause a predetermined competing bid to be accepted.
3. Bid Rotation. Bidders conspire to take turns in submitting the lowest bid.
4. Subcontracting. Competitors who submit intentionally losing bids or suppress their bids receive, in exchange for their collusion, subcontracts from the winning bidder.
These tactics are usually difficult to uncover since collusion is done in secret. Out of the four tactics, however, subcontracting is the easiest to detect.
About the Author
We all want to think we are safe but are we? If you want to know more about the different types of crimes committed today, RecordsSiteReviews.com is offering FREE ACCESS to its Criminal Records Information section. If you have a nagging suspicion on someone, run a criminal check on him or her today!