1.
bid rigging; collusion
An illegal practice where competing parties secretly agree on bids for contracts, especially in public works projects, to manipulate the outcome.
談合 refers to illegal collusion in bidding.
Usage
- Most commonly used for bid rigging in construction and public works contracts
- Companies secretly agree who will win each bid and at what price
- Illegal under antitrust and fair trade laws
Common collocations
- 談合する: to collude, to rig bids
- 談合事件: bid-rigging scandal
- 官製談合: government-led bid rigging
- 談合を防止する: to prevent bid rigging
Original meaning
The word originally meant "to consult together" (a neutral meaning), but now primarily refers to illegal collusion.