Parties involved in the construction industry should expect an increased focus around competition in future.
Earlier this week the Commerce Commission indicated that they intend to continue their focus around business competition and price fixing in the construction industry. These calls were made at stakeholder briefings in Wellington and Auckland.
This follows a number of competition related developments in the industry including:
- the launch of a new website that aims to educate about competition in the construction industry (read the post here);
- the recent agreement that Carter Holt Harvey will pay $1.85m for price fixing in relation to timber prices (read post here); and
- the ongoing investigation into alleged anti-competitive conduct surrounding plasterboard supply (read post here).
Construction parties are encouraged to have a look at the new website to gain an understanding of the types of anti-competitive practice the Commission is concerned with.