OFT fines building industry £130m for public sector bid rigging
Posted by admin978 on September 22, 2009 · Leave a Comment
Companies including Kier Group, Galliford Try, Balfour Beatty and Carillion artificially inflated the bill for more than £200m worth of public sector construction work.
GUARDIAN, 22Sep09: Britain’s building industry has been fined £129.5m following an investigation into bid rigging that pushed up the cost of building schools, universities and hospitals.
The Office of Fair Trading is fining 103 construction firms for engaging in “illegal, anti-competitive, bid-rigging activities on 199 tenders from 2000 to 2006”. It believes the companies, which include several listed on the London stockmarket, artificially inflated the bill for more than £200m worth of public sector construction work.
