OFT fines 103 construction firms for bid rigging

Sept. 22, 2009
The Office of Fair Trading (OFT) has fined 103 construction firms for illegal bid rigging, following an investigation that began in April last year. Fines totalling £129.5 million have been imposed on the companies, who had all been involved in cover pricing from 2000 to 2006. Cover pricing means one or more bidders in a tender situation obtaining an artificially …

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