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Office of Fair Trading's investigation into cover pricing will have a lasting impact on the construction industry
(23/10/2009)

The construction industry has taken some hefty blows following the Office of Fair Trading (OFT) investigation into cover pricing, which resulted in millions of pounds in fines. The latest estimate is that the 103 firms, who were fined £129.5million for breaching competition laws, will have to generate more than £4billion of work to cover the costs of the fines. Harrison Clark solicitors’ head of construction, Andrew James, who worked with seve... [more]

OFT launches proceedings against construction companies alleged to be involved in bid rigging in breach of Competition Law
(24/04/2008)

Last week, the OFT launched proceedings against 112 construction companies alleging that they had been involved in bid rigging in breach of Competition Law. The companies concerned range from multi-billion pound national companies to SMEs. The companies concerned have received a massive 1700 page document called a statement of objections or 'SO' which sets out the evidence and allegations against them and all the other companies involved. In a... [more]

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