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.
Usage
- Mostly about construction and public-works contracts: the bidders secretly decide in advance who will win each contract and at what price. It is illegal under Japan's Antimonopoly Act.
Common collocations
- 談合する: to rig bids, to collude
- 談合事件: a bid-rigging case
- 官製談合: bid rigging arranged by government officials
- 談合を防止する: to prevent bid rigging
Etymology
- Originally a neutral word for consulting together; today it almost always means illegal collusion.