Geotechnical specialists Dura Soletanche-Bachy has agreed to pay a fine of R988 589.08 for collusive tendering on 11 construction projects.
This follows Dura entering into a settlement agreement with the Competition Commission on these contraventions of the Competition Act.
The penalty constituted about 2 percent of Dura’s total South African turnover in its financial year to December 2014. The Competition Tribunal yesterday confirmed the settlement agreement.
It follows the commission in May 2009 initiating a complaint against Dura for certain alleged collusive arrangement with competitors in the market for piling, lateral support, grouting and geotechnical drilling investigative services.
In terms of this arrangement, projects were routinely divided among the members of the cartel in accordance with a scorecard, which largely corresponded to their market share.
Full content: Times Live
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