More than a hundred British construction companies are facing the threat of heavy fines after the Office of Fair Trading accused them of rigging bids. In one of the competition watchdog's biggest investigations, the OFT probed thousands of tenders for construction work worth some £3bn covering schools, hospitals and private-sector developments, before focusing on 240 alleged infringements involving 112 companies.John Fingleton, OFT chief executive, said: "Cartel activity of the type alleged today harms the economy by distorting competition and keeping price artificially high. This investigation ... will hopefully send a strong message to the construction industry about the seriousness with which we view suspected anti-competitive behaviour. Businesses have no excuse for not knowing and abiding by the law."
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