The Related Companies has won wage-cutting agreements with four dozen construction unions in its efforts to save money on the $15 billion development of Hudson Yards. The developer got the groups to agree to cut wages and benefit packages by 10% to ensure they would be commissioned to work on the project, expected to go on for a decade. About 13 million sf of construction is planned for the 26-acre site, which would account for about 39 million hours of work.
Click here to read more. +
Related Stories
Codes and Standards | Apr 26, 2018
New standard supports community resilience
ASTM International guidance supports cost-effective ways to withstand and recover from disasters.
Codes and Standards | Apr 25, 2018
Lessons learned from decades of Superfund cleanups guide contaminated land reuse
Sites repurposed for residential, commercial use, and solar energy generation.
Codes and Standards | Apr 24, 2018
Vibrant downtown core the key for urban multifamily development
Nighttime activity makes the difference.
Codes and Standards | Apr 19, 2018
ILFI launches new Zero Carbon Certification
Offers greater flexibility around project fuel types and offsetting renewables.
Codes and Standards | Apr 18, 2018
New Green Globe pilot program launched
Precursor to revised Green Globes Assessment Protocol for Commercial Buildings.
Codes and Standards | Apr 17, 2018
Contractor charged with fraud in winning $200 million in federal contracts
Accused of falsely claiming veteran- and minority-owned business status.
Codes and Standards | Apr 16, 2018
Wide variations in adoption of National Electric Code could jeopardize safety
An NFPA report found that code adoption is under heavier political scrutiny, leading to delays and decisions motivated by factors other than safety concerns.
Codes and Standards | Apr 12, 2018
Corruption in New York City construction industry is common
Scale of projects, number of players involved contributes to problem.
Codes and Standards | Apr 11, 2018
Urgent need for government to make communities, infrastructure more resilient
More than 350 people died from extreme weather events in 2017.
Codes and Standards | Apr 10, 2018
Boosting energy efficiency helps reduce health risks
Cleaner air results in fewer heart attacks, respiratory disease, and premature deaths.