Earlier this week, Paul Salisbury – an SPSM and former Dedicated Purchasing Student of the Month – passed along to me an article about bid rigging that has affected government procurement in the Isle of Man. Honestly, bid rigging is something that I haven’t thought about for a little while, which led me to the question: is there any good information out there about bid rigging?
I found a few sites to have interesting content on the matter including Wikipedia, which has a concise post covering the types of bid rigging, and the District of Columbia’s Office of the Attorney General, which shares several signs that bid rigging may be occurring.
However, probably the most thorough information I found was on the US Department of Justice’s site, which featured an article entitled “Price Fixing, Bid Rigging, and Market Allocation Schemes:What They Are and What to Look For.”
Thinking about it, I really think that this material is something that every purchasing professional should read, especially those new to the discipline. We will probably reference this material in the next regular revision of our online class “Mastering Purchasing Fundamentals.”
To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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