08:49 22 Sep 2009
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Galliford Try said its £8.33m fine, payable in instalments over three years, related to three incidences of cover pricing between 2001 to 2004.
It said that the fine level took into account the maximum reduction granted by the OFT for companies that co-operated fully with their investigation.
Galliford Try said the three incidences of cover pricing took place between five and eight years ago. In all cases the price paid by the client was not alleged or found to have been increased.
Galliford underlined that it was not found to have made any financial gain or made or received any compensatory payments.
The offices involved have since either been closed down or restructured.