Certified Fraud Examiner (CFE) — Question 22

In which phase of competitive bidding process, fraudsters attempt to influence the selection of a contractor by restricting the pool of competitors from whom bids are sought?

Answer options

• A. Need recognition
• B. Solicitation
• C. False specification
• D. Submission

Correct answer: B

Explanation

The correct answer is B, as the solicitation phase is where bids are actively requested from selected contractors. In this phase, fraudsters may manipulate the process to restrict competition, while other phases like need recognition, false specification, and submission do not directly involve the influence of bids being sought.