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Article: Sisk faces UK fine for 'cover priced' tender

Article from:
The Irish Times
Article date:
September 23, 2009
Author:
Copyright

ONE OF the Republic's biggest building companies is facing a pound(s)6.2 million ([euro]6.9 million) fine in Britain for a competition law offence.

John Sisk and Son UK and its Irish parent, Sicon, were yesterday named as among 103 building companies found to have engaged in illegal tendering practices in Britain earlier in the decade.

The company is facing a pound(s)6.19 million fine for the offence, but said yesterday that while it is not disputing it infringed competition rules, it plans to appeal the severity of the punishment, which it described yesterday as "excessive in the extreme".

According to Britain's competition watchdog, the Office of Fair Trade (OFT), which imposed the fine, ...

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