Louis Berger Group has agreed to pay $69 million to settle civil charges by the Dept. of Justice that the company systematically inflated its overhead charges in cost-plus work for the federal government from 1999 to 2007. Related Links: Dept. of Justice press conference Criminal complaint against Louis Berger Group Probe Leads to Wolff's Likely Exit from Berger The settlement was announced Nov. 5th in Newark, N.J., by U.S. Attorney Paul Fishman. “Money that could have been used for more good work instead went to LBG’s bottom line,” he said. “It allowed a corrupt few to send a message about
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.