Building
Control and Standards
CIOB - Seminar set to give insight into OFT investigation
Following on from the 2006 CIOB research into corruption
within the UK construction industry, the Institute is set to
deliver a seminar on the progress and implications of the
ongoing Office of Fair Trading (OFT) investigation.
Throughout England the OFT has been examining allegations of bid
rigging by construction companies. Dawn raids on over 50
companies, and many applications for leniency, are said to have
generated evidence of bid rigging affecting thousands of
tenders, worth a total of approximately £3 billion. Several
leading contractors have admitted that they are under
investigation and face the prospect of heavy fines and
significant adverse publicity. Claims for substantial damages
may well follow and individuals involved could face criminal
prosecution and/or disqualification as directors.
The CIOB seminar on Monday 26th November at Adelaide House,
London Bridge will present an update of the investigation and
all its implications for the industry. Speakers will include the
OFT’s Deputy Director of Cartels, who is currently responsible
for the investigation, along with partners from Berwin Leighton
Paisner’s EU & Competition team, who have advised on this
investigation.
Email:
stownsend@ciob.org.uk