Construction firms fined a total of £129m for rigging bids
The Office of Fair Trading (OFT) has fined 103 construction firms a total of £129.5m for colluding with competitors when bidding for contracts.
The OFT investigation found that the firms had engaged in illegal anti-competitive bid-rigging activities on 199 tenders from 2000 to 2006.
The bid-rigging was mostly in the form of cover pricing. This involves firms [...]