Builders fined £60m for submitting rigged bids for UK construction contracts

A total of 10 UK-based firms were fined almost £60m 'for colluding on prices through illegal cartel arrangements when submitting bids in competitive tenders for contracts.'

Some of the best known construction firms in Britain have been slapped with combined fines of almost £60m (€68m), and three company directors have been disqualified, for illegally colluding to rig bids for contracts for high-profile public and private contracts.

The UK's competition regulator said 10 firms were involved in rigged contracts were worth a total of £150m which included high-profile works on a training college for the Metropolitan Police, Bow Street Magistrates Court, as well as at Selfridges department store in London, work for Oxford and Coventry universities, a shopping centre in Reading, and office projects and other building sites in central London and the English midlands.