1. What is collusion? How can collusion affect the bidding process? What can be done to counter it?
NIST has an interesting pamphlet to help determine if collusive activity has taken place with government contract bids. It is found here:
https://www.nist.gov/recovery/upload/red_flags_of_collusion_pamphlet.pdf
2. What is the difference between managing costs and managing prices? How or when is one better than the other?