In today’s inflationary market, getting competitive bids from suppliers is more important than ever. But competitive bidding doesn’t do you much good if the process is compromised.
Snyder singled out bid allocation as an especially lucrative fraud, if done correctly. “Everybody gets a piece of the action, and as a result of that, knowing there’s not going to be legitimate competition for the bidding, they all agree to bid higher than they otherwise would bid,” he explained.
