QLD construction firms colluded on price: ACCC

QLD construction firms colluded on price: ACCC

The ACCC yesterday took three Queensland construction companies to court over allegations of price fixing.

The companies, Woollam and Son, J.M. Kelly and Carmichael Builders, are accused of colluding multiple times over the prices of government construction projects between 2004 and 2007.

They are alleged to have engaged in a practice known as 'cover pricing,’ or working together to settle on prices high enough that contracts will not be awarded on price alone, and then submitting that price as their legitimate bid.

The ACCC suit names senior managers from J. M. Kelly and T.F. Woollam as aiding and abetting in the price fixing conduct.

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Tags ACCC Collusion Construction

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