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Bid rigging—is illegal. Bid rigging is the practice of conspiring with another bidder to bid (or not) with information that would typically not be known to a bidder.
Public bodies will often be able to rely on the “commercial interests” or “confidential information” exemptions to withhold disclosure of a bidder’s confidential pricing information and other sensitive data. This is usually in the public interest, because bidders will be put off from bidding if their confidential information is at risk of disclosure, which may result in the public body not getting the best value for money.
The Bidder shall not involve himself or any of his representatives in price manipulation of any kind directly or indirectly by communicating with other Bidders.
- The Bidder shall not divulge either his Bids or any other exclusive details of Bank or to any other party.
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