Bovis Lend Lease has agreed to a $5-million settlement with the city to settle a civil case contending that the firm had overcharged it on more than 100 municipal projects over the past decade, says a Jan. 5 announcement by Mayor Michael R. Bloomberg. According to the announcement, Bovis charged the city for overtime and extra pay to foremen on jobs “for which they had not worked.” Bloomberg and city Dept. of Investigation Commissioner Rose Gill Hearn said the case was based on an analysis of records “and practices” on more than 100 city-funded jobs that Bovis had managed between
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.