Crass Stupidity » cover pricing http://www.crass-stupidity.com Ineptitude from the Corporate World Fri, 03 Feb 2012 10:42:01 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Bid Rigging and Price Fixing in the Construction Industry http://www.crass-stupidity.com/2009/10/07/bid-rigging-and-price-fixing-in-the-construction-industry/ http://www.crass-stupidity.com/2009/10/07/bid-rigging-and-price-fixing-in-the-construction-industry/#comments Wed, 07 Oct 2009 13:25:22 +0000 Richard http://www.crass-stupidity.com/?p=97 As usual, it’s the construction industry getting a hard time for dodgy dealings: first there was the issue about cover pricing that was then somehow translated into bid rigging in the media. A lot of hot air over what was practically nothing…

Now there’s news that the OFT has fined six recruitment agencies £39M for fixing fees.

I wonder when we’ll see similar fines for agencies working in other business sectors?

Or how about some massive fines to the banks for price fixing both in relation to bank charges and interest rates?

Or what about members of the BPI for price fixing? You’ll remember they sued online retailer CD WOW! for daring to sell legitimate CDs in the UK that had been sourced from Hong Kong for less than the prices they were being sold for in the UK. Much the same as the lengthy dispute between Levis and Tescos over parallel importing.

I won’t hold my breath.

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