In projects where they take on design liability, construction firms tend to see significantly less profit compared to those that share risk, according to a new study.
A construction industry trade group said that although COVID-19 vaccinations are important for the workforce, the new regulations will hamper already overburdened firms.
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The companies that built the $4 billion project say they will refuse to work with the state of New York again if they aren't paid back for cost overruns.
As the industry faces an uphill battle of a jobs crisis and pandemic-related disruption, it's critical to find opportunities that save time, reduce expenses and improve safety.
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