Contractors cop to rig bids on major construction deals

By Alex Baldwin (June 24, 2022, 6:28 p.m. BST) – The antitrust authority said on Friday it had tentatively found that contractors had conspired to rig the bidding process for several construction contracts worth more than £150 million ($184 million), to work at places like a famous London department store and Oxford University.

Contractors including John F Hunt and Cantillon have admitted conspiring to fix the outcome of 19 tenders for demolition and asbestos removal contracts, the Competition and Markets Authority has said.

Eight of the 10 companies surveyed admitted to engaging in hedging auctions, according to the CMA. This is a type of bid-rigging in which companies illegally…

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