Inter-Cité Construction to pay $150,000 in territory allocation settlement
This payment is part of a settlement reached between the Public Prosecution Service of Canada and Inter-Cité, and filed yesterday in the Superior Court of Quebec.
- This payment is part of a settlement reached between the Public Prosecution Service of Canada and Inter-Cité, and filed yesterday in the Superior Court of Quebec.
- The settlement stems from an investigation by the Competition Bureau into the company's role in a scheme that targeted public contracts in the Saguenay-Lac-Saint-Jean region between 2008 and 2010.
- As part of the settlement, the company has also implemented a corporate compliance program , which is designed to prevent its employees from engaging in other anti-competitive activities.
- "Agreements between competitors, such as those involving the allocation of markets or territories, drive up the cost of public contracts.