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A federal district court in February 1961 fined 29 electrical manufacturing companies and 45 individuals a total of $1,924,500 for violating the antitrust laws by fixing prices and rigging bids on heavy electrical equipment, some of which was sold to the Government. [46] (See also: Allis-Chalmers § 1960s and 1970s.)
It is a form of price fixing and market allocation, often practiced where contracts are determined by a call for bids, for example in the case of government construction contracts. The typical objective of bid rigging is to enable the "winning" party to obtain contracts at uncompetitive prices (i.e., at higher prices if they are sellers, or ...
Rigging is both a noun, the equipment, and verb, the action of designing and installing the equipment, in the preparation to move objects. A team of riggers design and install the lifting or rolling equipment needed to raise, roll, slide or lift objects such as heavy machinery, structural components, building materials, or large-scale fixtures ...
The case involved the bid system for Aldi construction projects in southern Illinois and Missouri. Breese contractor and Aldi executive sentenced in bid-rigging and kickback scheme Skip to main ...
The government argued that some antitrust violations, such as bid rigging, were such egregious anti-competitive acts that they were always illegal (the so-called "per se" rule). The defendants asserted that it was a reasonable restraint of trade and that the Sherman Act could not have meant to prevent such restraints.
The rigging arrangements can influence the applied anchor load, where statically indeterminate systems are not necessarily a design consideration, but can be used in practice. The determination of the loads through the rigging system must be a consideration whilst calculating the load resistant model, refer to the examples shown in Figure 3.
The Occupational Safety and Health Administration sets regulations for all equipment. [3] Contractors are forced to uphold usually strict rules to ensure safety of workers. All machinery is required to be developed by a certified engineer, contractors must follow manufacturer procedures, all users be professionally trained before operating equipment, and equipment must be inspected regularl
operate rigging equipment and dollies to place heavy machinery and parts; fit bearings, align gears and shafts, attach motors, and connect couplings and belts to precise tolerances; align and test equipment, and make any necessary adjustments; perform predictive and operational procedures; repair or replace defective parts