Examlex
Charleston Area Medical Center (CAMC) has implemented Six Sigma quality programs in order to
Bid Shading
The strategy of making a bid lower than what a bidder is actually willing to pay, typically to save money in auctions or competitive tender processes.
Bid-rigging
An illegal agreement between parties to conspire and fix the bidding process, often in procurement auctions.
Sealed-bid
A bidding process where all the bids are kept confidential until a designated opening time, preventing bidders from seeing competitors' bids.
Auctions
A public sale process where goods or services are sold to the highest bidder.
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