Competitive Tendering
Definition of Competitive Tendering
When firms bid for the right to run a service or gain a certain contract.
Collusive tendering - Where two or more firms secretly agree on the prices they will tender for a contract. These prices would be above those which would be put in under a genuinely competitive tendering process.
In young economies most publishers producing textbooks for the Ministry of Education or local parents will expect to recover all new title costs in the first printing even under competitive tendering processes.
years they have played a growing role in other parts of the economy, ranging from the allocation of government-controlled broadcasting bandwidth to the awarding of work to subcontractors by governments and big firms using competitive tendering, ...
 See also: Saving, Long run, Expense, Retail price, Public service
  
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