Indicators /
Unreasonably high bid prices by losing bidders
Identifier 35 |
State Not developed |
Autonomy Autonomous |
Description This redflag indicates risk if there is a suspicious bid pattern that consists of unreasonably high bid prices submitted by losing bidders for which there is no legitimate explanation and which cannot be attributed to an error. The World Bank does not indicate accurate ratio for suspiciously high amount. |
Country INT |
Language English |
Link to project http://www.worldbank.org/en/topic/governance/brief/anti-corruption |
Developer World Bank |
Link to source code non existent |
Where to extract data from bidding documents |
Process phase BIDDING |
Validation N/A |
Tags bid
collusive bidding
price
statistics
theoretical
|