What does big rigging entail for a CAM/CAB?

Prepare for the Gold Coast CAM License Exam with engaging flashcards and multiple choice questions. Each question includes hints and explanations to help you excel in your exam!

Big rigging involves unethical practices where someone informs a favored vendor about competing bids to manipulate the outcome of a procurement process. This practice compromises the integrity of the bidding process by providing an unfair advantage to one vendor over others, undermining competition.

In the context of a Community Association Manager (CAM) or Community Association Board (CAB), such actions can lead to significant legal consequences and a loss of trust within the community they serve. Ensuring fairness and transparency in vendor selection is crucial for maintaining ethical standards and upholding the fiduciary responsibility to the community. Hence, the concept of big rigging is closely tied to the manipulation of competitive bidding processes to benefit specific vendors at the expense of fair market practices.

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