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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.
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
From high reach excavators to autonomous crushers, times are changing for the demolition and recycling sector
The CMA has provisionally found that 10 construction firms illegally colluded to rig bids for demolition and asbestos removal contracts.