When Ireland-based recruitment firm Parc U.K. Ltd. in 2003 began to offer British contractors outsourced worker staffing services, it was pioneering a new way of doing business in the U.K. construction market. Six competitors, who responded by forming a “cartel” against it, now face fines totalling $61.2 million. As the biggest cartel member, Hays plc, London, was fined $48 million by the government’s Office of Fair Trading (OFT) late last month. That fine was discounted by 30% because the firm agreed to cooperate with investigators. Without the cooperation discounts the firms’ fines would have totaled $273 million, reflecting the “serious
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.