Wired deal
MyWikiBiz, Author Your Legacy — Friday April 19, 2024
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A wired deal is one type of unfair agreement between two parties. For example, when an organization solicits competitive bids from prospective contractors, it may pre-determine the outcome either by manipulating the specifications of the request for proposal so that only one candidate could possibly comply, or by contriving the selection criteria in such a way to favor one bidder over all others.
A wired deal may be a way to move tax-advantaged, non-profit dollars into the hands of a for-profit enterprise, as seemed to be the case when the Wikimedia Foundation rented office space from Wikia, Inc..[1]
