OFT names 112 building firms in bid-rigging scandal

OFT names 112 building firms in bid-rigging scandal

"The Office of Fair Trading has today formally accused 112 construction firms in England of participating in "bid rigging", in its biggest investigation of cartel activity to date.

Some of the biggest names in construction in the UK — including Balfour Beatty, Carillion, Connaught, Interserve and Kier — have been accused of ripping off the public sector to the tune of hundreds of millions of pounds. They were today issued with a "statement of objections" from the OFT, alleging that they participated in cartel-type activity in bidding for thousands of public sector construction contracts, worth £3 billion, including tenders for schools, universities and hospitals.

Multi-million pound fines are expected to arise from the investigation, which began in 2004 after a complaint from an East Midlands council and quickly spread across England".

Full List of Shame here.

Bob the Builder can fix your prices yes he can...