Cartel-buster names 10 demolition contractors at centre of bid-rigging probe

By Dave Rogers2022-06-24T06:00:00

Firms told to expect fines running into millions of pounds

Demolition firms have been told to expect penalties running into tens of millions of pounds by the end of the year after the Competition and Markets Authority released its provisional findings into bid rigging by 10 companies following a years-long probe.

The CMA said its investigation, begun in March 2019, had found the firms had illegally colluded to rig bids for demolition and asbestos removal contracts worth over £150m.

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