cover pricing

04:19 Oct 9, 2020
This question was closed without grading. Reason: No acceptable answer

English to Russian translations [PRO]
Law/Patents - Law (general)
English term or phrase: cover pricing
• Conversations with competitors, also in informal settings, should only take place if (1) there is a compelling reason, and (2) there are no antitrust issues.
• Even if there is a seemingly compelling reason for being in contact with a competitor, information exchange about following topics is not allowed:
- Prices, price components or other conditions,
- Allocation of customers, markets or territories,

- Offers or project tenders as well as conduct during tenders or engaging in cover pricing. Exceptionally, it is possible to talk to a competitor about a specific project if Siemens is not able to bid alone and contemplates entering into a consortium or a subcontractor relationship with the said competitor.
Russian Federation
Local time: 02:39

Summary of answers provided
3 +2заявка прикрытия
Oksana Gromyk-Vidal



2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
заявка прикрытия

Заявки прикрытия либо символические (формальные) заявки обычно подаются в тендерах на конкурсной основе. Подающей такую заявку стороне заведомо известно, что она не выиграет тендер.

(Cover pricing occurs in competitive tenders and typically takes place when one company wishes to submit a tender that they know will result in them not being awarded the contract. The practice evolved to address a perception that a company that did not submit a tender following an invitation to do so, would not be asked to submit future tenders by that client. Typically cover pricing involves the company contacting a competitor who is also bidding to find out sensitive pricing information (the “cover price”) to ensure that if they exceed that cover price their bid will be unsuccessful. )

Example sentence(s):
  • Подача заявок прикрытия призвана создать впечатление настоящей конкуренции
Oksana Gromyk-Vidal
Local time: 00:39
Specializes in field
Native speaker of: Native in RussianRussian, Native in UkrainianUkrainian
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Oleg Lozinskiy:
41 mins

agree  Pavel Amirkhanyan
8 hrs
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