Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

OFT FINES: Galliford Try sees fine slashed 83pc

The latest six contractors to appeal against the size of their fines for cover pricing have seen their penalties slashed.

Galliford Try – one of the hardest hit by the Office of Fair Trading’s investigation - today saw its fine reduced from in excess of £8.3m to just £1,395,000, a reduction of 83.3 per cent.

In a statement to the stock market, Galliford Try said: “Galliford Try does not condone any form of anti-competitive activity and continues to maintain a rigorous competition law compliance regime across all its business.

Apollo, GF Tomlinson, G&J Seddon, Interclass and Sol Construction were also handed hefty reductions.

Apollo chief executive Dave Sheridan said: “As with other contractors involved, we are pleased the Competition Appeal Tribunal has recognised that the level of fine originally imposed by the OFT for cases of cover-pricing was excessive.”

Fines in full:

  • Galliford Try: £1,395,000 from £8,333,329
  • Apollo: £399,000 from £2,150,536
  • GF Tomlinson: £579,000 reduced from £1,269,270
  • G&J Seddon: £492,000  reduced from £1,516,646
  • Interclass: £324,000 reduced from £464,406
  • Sol Construction: £744,000 reduced from 835,702,

Click here to see the full judgement.


Readers' comments (3)

  • looks like the bigger the company the greater the fine reduction

    Unsuitable or offensive? Report this comment

  • ...because the bigger companies tended to have the biggest fines and the biggest mistakes from the OFT

    Unsuitable or offensive? Report this comment

  • But as i see it the dodgy dealing is still alive and well through "retrospective rebate schemes, contract support and othrer price rigging efforts.They have just been given tidy names to make them sound acceptable but where they still create a non competitive situation......."Preferred suppliers lists"

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.