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Ten construction firms have been fined a combined £60m by the competition regulator for “illegally colluding” to rig bids for lucrative contracts for projects including Bow Street magistrates court and Selfridges department store.
The Competition & Markets Authority (CMA) has fined 10 demolition contractors a total of nearly £60 million for illegally colluding to rig bids.
The UK competition watchdog has fined 10 construction firms a total of almost £60 million for “illegally colluding” to rig bids for contracts. The The UK competition watchdog has fined 10 construction firms a total of almost £60 million for “illegally colluding” to rig bids for contracts.
Some of the contracts involved the development of Selfridges department store in London, Oxford University, Bow Street Magistrates' Court and Police Station, and the Old War Office building.
CMA found companies had acted as a cartel over 19 private and public sector contracts worth £150m