And speaking of the red carpet, who makes sure the nominees get their moment in front of the cameras without pop-star gridlock? Red carpet coordinator Sara Labb, above, is just one of a veritable army of pros on the Grammys crew who make the awards show work. Follow live coverage of the Grammys as it happens>>. We captured many of them preparing for the show in the days before Monday's airtime.
Collusive Bidding Schemes. Collusive bidding refers to agreements by contractors or suppliers in a particular trade or area to cooperate to defeat the competitive bidding process in order to inflate prices to artificially high levels. It can occur in large and small contracts.
While you may be able to vaguely understand the term based upon the example above, let's further define collusion so that you have a better grip on what it means. Collusion is an agreement between firms that usually compete against each other in efforts to set the prices for their goods in order to gain an advantage.