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What are the common scenarios/views in the private sectors to determine the bidding process is still ongoing or already awarded?

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Question added by Larry Lacerna , Senior Executive Secretary to the Vice President , Olayan Financing Company
Date Posted: 2016/02/11
Mohammad Ibrahim
by Mohammad Ibrahim , COLLECTION OFFICER , Teleperformance - United Arab Emirates

the right to expect the benefits of free and open competition the best goods and services at the lowest prices. Public and private organizations often rely on a competitive bidding process to achieve that end. The competitive process only works, however, when competitors set prices honestly and independently. When competitors collude, prices are inflated and the customer is cheated. 

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