The UK OFT imposes £129.5 million in fines on construction firms for colluding with competitors (Construction Industry Cartel)

By its decision of 22 September 2009, the UK Office of Fair Trading (the ‘OFT') imposed £129.5 million in fines on construction firms for colluding with competitors. The decision is the outcome of the UK's largest ever cartel investigations.The OFT found that the companies concerned were engaged in "illegal and anti-competitive bid-rigging activities" on 199 tenders from 2000 to 2006, mainly by means of 'cover pricing'. Cover pricing arrangements have previously been found by the OFT and the Competition Appeal Tribunal to be illegal and in breach of the Competition Act 1998 due to the restrictions on competition that are ignited. Cover pricing agreements are indeed very serious forms of collusive behavior whereby one or more bidders collude with a competitor during a tender process to

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  • University of Exeter

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Andrea Lista, The UK OFT imposes £129.5 million in fines on construction firms for colluding with competitors (Construction Industry Cartel), 22 September 2009, e-Competitions September 2009, Art. N° 31546

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