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Firms to appeal OFT fine

At least 25% of the 103 construction companies fined last week by the Office of Fair Trading for bid rigging are planning to appeal.

Lawyers for the firms involved said the punishments were inconsistent, adding that many appeals were possibleand that some firms could seek to have their fines reduced.

Addleshaw Goddard partner Adam Aldred said: “Many contractors are currently exploring their appeal options

Kier Group, which was hit with the biggest fine, has hinted it may appeal against its £17.9M fine, arguing that it was based on the size of the company rather than the seriousness of the offence.

The Office of Fair Trading said: “In calculating financial penalties, the OFT takes into account a number of factors, including seriousness of infringements, turnover in the relevant market and any mitigating or aggravating factors. Further details of individual parties’ assessments cannot be disclosed at this time.”

The companies have until November 23 to appeal.

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