When is a cover price not a cover price?

I have followed the Office of Fair Trading's (OFT) investigation into bid rigging in construction with interest and not a little bemusement over quite how they were interpreting 'cover price'.

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Oh! and can we have it by Christmas?

If the client has an unrealistic budget the QS will give him two choices 'back to the bank' or 'back to the drawing board'.

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