Competition fines six major construction companies $200 million for signing contracts

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The CNMC confirms that Acciona, Dragados, FCC, Ferrovial, OHL and Sacyr have negotiated thousands of public tenders for 25 years and prohibits them from contracting with the administration

Six of the largest construction companies in Spain met weekly to negotiate public tenders and conclude contracts. This is verified by the National Commission for Markets and Competition (CNMC), which has imposed fines totaling 203.6 million euros. These negotiations lasted 25 years and involved the modification of “thousands” of government contracts, the institution says.

The companies and sanctions imposed by Competition are Acciona (29.4 million), Dragados (57.1 million), FCC (40.4 million), Ferrovial (38.5 million), OHL (21.5 million) and Sacyr ( 16.7 million), as stated this Thursday in a statement. In it, he explains that these six companies met weekly since 1992 and decided on the public contracts in which they would share technical works from their tenders. In addition, they exchanged information on their strategy for tendering for public tenders.

Among the thousands of tenders affected are public interest infrastructures such as hospitals, ports and airports and highways, according to the CNMC. For this reason, in addition to the fine – which is not a big hole in their accounts for millionaires of this level – it prohibits them from entering into contracts with the administration and the public procurement advisory body will be the one to determine their duration and scope.

Source: La Verdad

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