According to Engineering News, The Competition Tribunal on Wednesday confirmed a settlement agreement between Wilson Bayley Homes-Ovcon (WBHO) and the Competition Commission.
Under the terms of the agreement, WBHO was granted immunity from an administrative penalty for the contravention of the Competition Act for ten projects.
WBHO had entered into negotiations with the commission after an investigation was launched into collusive tendering in the construction industry.
“As part of its settlement, WBHO has agreed not to engage in further prohibited practices and has, among other things, implemented a competition law compliance programme to ensure that its employees, management, directors and agents do not engage in any future contraventions of the Act,” the tribunal said.
