The Competition Commission on Wednesday referred three cases of alleged collusive tendering against construction company GVK Siyazama to the Competition Tribunal.
The commission requested that a maximum penalty of 10% of GVK’s yearly turnover in respect of each contravention be imposed.
The first case of alleged collusive tendering was between GVK and Neil Muller Construction (NMC) for the Tygervalley Mall project, while the second alleged collusive tendering case was between GVK and NMC in respect of the Akila Trading project, and the third alleged case was between GVK and Group Five in respect of Cape Gate Medi-Clinic.
The commission alleged that GVK had bilateral collusive agreements with NMC and Group Five, in terms of which GVK was claimed to have submitted bid prices that were higher than that of NMC and Group Five to ensure that GVK did not win any of the tenders.