Related Links: Six New York City Subs and CM Firm Indicted in Latest Interiors Renovation Fraud Probe Structure Tone Inc., the New York City-based building and interiors construction giant, pleaded guilty to fraud charges in a Manhattan court April 30 in a client overbilling and falsified recordkeeping arrangement, and will pay $55 million. Manhattan District Attorney Cyrus R. Vance, Jr. said the payout was one of the largest forfeitures ever imposed on a construction company. but the firm was sentenced to a three-year "conditional discharge."No company executives were named in the agreement.“Interiors construction is a multi-billion dollar industry in New
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.