Federal prosecutors in Brooklyn, N.Y., announced two new arrests this month related to an ongoing probe of corruption on construction projects for New York City utility Consolidated Edison Corp. The investigation had led to charges filed in January against 10 current and former Con Ed construction officials who allegedly accepted $1 million in kickbacks from contractors, but the contractors were neither identified nor charged at the time. Now U.S. Attorney Benton J. Campbell has said the alleged corruption occurred in connection with work at Metropolitan Transit Authority and city Dept. of Environmental Protection jobsites where Con Ed was working. According
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.