New York State has expanded it prevailing wage law to include private projects worth $5 million or more and that have received public subsidies of at least 30% of total construction costs.
Gov. Andrew Cuomo signed the provision as part of the fiscal year 2021 budget on April 3. The definition of public subsidy includes:
· Direct or indirect payments by a public entity to contractors, subcontractors, developers, or owners that do not have to be repaid
· Savings from fees, rents, interest rates, other loan costs or insurance costs that are below market rate
· Savings from tax credits, tax abatements, tax exemptions, tax increment financing and payments in lieu of taxes
· Any other cost savings due to the involvement of a public entity
· Loans that are to be repaid on a contingent basis, and credits against loan repayments or other obligations.
There are exemptions such as tax credits for brownfield remediation and redevelopment. Projects not covered under the new law include owner-occupied single- or two-family dwellings, properties of four dwellings or less, certain not-for-profit projects, construction work performed under select pre-hire collective-bargaining agreements, projects funded by the state’s Urban Development Corporation Act or Downtown Revitalization Initiative, and certain school, historic, and renewable energy projects.
Related Stories
| Sep 26, 2013
EPA’s final rule on updated ASTM standard likely to be withdrawn
The Environmental Protection Agency is expected to withdraw a direct final ruleissued in Augustregarding an ASTM standard for Phase I Environmental Site.
| Sep 26, 2013
A primer on RoofPoint green-rating system for commercial roofs
The RoofPoint green-rating system can be used to construct more energy-efficient and sustainable commercial roofs.
| Sep 26, 2013
ConsensusDocs releases updated federal subcontract to help construction firms perform federal work
The newly revised ConsensusDocs standard subcontract (ConsensusDocs 752 for federal work) will make it easier for general contractors and subcontractors to perform federal work.
| Sep 18, 2013
Proposed Boston casino development approval will depend partly on sustainability
The movement toward green building has been slow to catch on in the casino industry, but that could change with Suffolk Downs, which plans to build a $1 billion casino in Boston.
| Sep 18, 2013
Regulations could ease firefighters’ fear of roof solar panels
The local fire chief says solar panels are partly to blame after a 300,000 sf refrigerated warehouse in Delanco, N.J., burned down.
| Sep 18, 2013
New AISC design guide on structural stainless steel now available
For the first time in the U.S., design professionals now have an authoritative resource on structural stainless steel with AISC Steel Design Guide No. 27, Structural Stainless Steel.
| Sep 18, 2013
DBIA’s ‘Design-Build Done Right’ best practices project seeks industry input
The Design-Build Institute of America (DBIA) is seeking industry input on its project to create a design-build best practices document.
| Sep 11, 2013
USGBC Florida Chapter survey to help contractors adopt sustainable practices
Contractors in Florida could benefit from a data collection project by the state's chapter of the U.S. Green Building Council.
| Sep 11, 2013
Disability, vet hiring standards for contractors are goals, not quotas
Contractors that fall short of new federal hiring rules concerning veterans and disabled persons will not necessarily incur penalties, says Patricia Shiu, director of the Office of Federal Contract Compliance Programs.
| Sep 11, 2013
Sports stadium accidents suggest code updates may be necessary to prevent falls
Since 2000, at least three individuals have died as a result of falling from the upper decks of stadiums in the United States. In addition, eight non-fatal falls have occurred in stadiums and arenas over that time.
