Schiavone Construction Co. agreed on Nov. 29 to a $22.4-million settlement of a federal probe into its use of phony companies in place of legitimate minority and women-owned subcontractors on big New York City infrastructure jobs. The news recalled the case of Reagan-era Secretary of Labor Raymond Photo: Couretesy of Total Impact Communicaitons Alleged subcontracting fraud by contractor occurred on Manhattan’s South Ferry subway station rehab and other New York City jobs. Related Links: Justice Department Press Release Schiavone No-Prosecution Agreement Joint Statement of Facts Donovan. Before entering the public sector, he was a principal at Schiavone, one of the
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.