Business Services Industry
Bill aimed at streamlining construction contracts
Real Estate Weekly, July 2, 2003 by Elaine Misonzhnik
On June 12, Mayor Michael Bloomberg announced the creation of the "Coordinated Construction Act for Lower Manhattan," a bill proposal that would streamline the construction. efforts and ensure quality in the rebuilding of the World Trade Center. The seven-point bill covers such issues as joint bids for infrastructure projects, contractor pre-qualification, and the employment of minority-owned businesses.
"We want to reproduce the energy, the commitment, and the speed we witnessed with the clean-up of the World Trade Center site," Bloomberg said in an official statement. "Our plan will allow public agencies to work together in unprecedented ways and using and standardizing the best practices of both the public and private sectors."
Related Results
According to Ed Malloy, president of the Building and Construction Trades Council, who helped draft the bill, the Coordinated Construction Act was created to ensure a speedy construction process.
"The legislation was created to facilitate the project going forward," he said. "In the clean-up, for example, the city was able to motivate people by having bids only for prequalified contractors. That's what they want to do again."
Both Malloy and his industry colleague, Louis Coletti, president and chief executive officer of the Building Trades Employers' Association, think the most important features of the new bill are the allowance of joint bidding and the pre-qualification of contractors. The joint bidding would override an earlier court ruling which prohibited different companies from coordinating projects that would use the same land.
"What the mayor was looking to do was insure that the rebuilding of Lower Manhattan would be done quickly and with the best use of the taxpayer's dollars," Coletti said.
"The joint bidding will help better coordinate construction and save money and time. And by giving the city the ability to pre-qualify, we think the bill will improve the quality of the building contractor that will do the work Downtown. We think the law bid requirement right now is a joke. Better contractors just refuse to bid for public work because of the impediments involved."
The bill also addresses such issues as the requirement for state-certified apprenticeship programs for safety purposes and equal opportunity employment; the use of environmentally-safe materials, and cooperative purchasing.
"I think this is an extremely important piece of legislation from everyone's point of view," Coletti said. "It will expedite the process and open up new opportunities for both the city and the people in the construction industry."
The mayor expects the bill to be passed later this year.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn’t Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


