Thursday, Apr 17, 2008
Surprise surprise, the housebuilders aren't to be trusted
BBC News: Building Firms Rigged Contracts
The Office of Fair Trading (OFT) has accused 112 construction companies of rigging bids for contracts.
It said the firms colluded among themselves while bidding for contracts, leading to customers, such as local authorities, having to pay too much.
The regulator added that in a few cases firms entered into agreements whereby the successful tenderer would pay a sum of money to those that lost out.
It said 40 firms had admitted price fixing, and 37 had asked for leniency.
Posted by matt @ 12:58 PM (140 views) Add Comment
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