Bovis Lend Lease has agreed to pay back New York City $5 million for overcharges on more than 100 municipal projects over the past decade, the city said on Jan. 5. The firm charged the city for overtime and extra pay to foremen “for which they had not worked,” according to the announcement. Mayor Michael R. 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 1999 and 2009. “This settlement shines a light on one such
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.