A continuing crackdown by New York City prosecutors on fraud in the city’s interior renovation market has netted its latest results—the May 5 indictments of six area subcontracting firms and their owners, in a contractor bid inflation scheme that overcharged clients by at least $30 million in the last decade. The firms and executives were charged with second-degree grand larceny for colluding with Manhattan-based Lehr Construction Corp. in the fraud. That construction management firm and four of its leaders were indicted on May 4 on charges that included fraud, corruption, grand larceny and money laundering. “The defendants in this case
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.