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 | Nov 16, 2020
New concrete detailing manual includes downloadable CAD files
American Concrete Institute document contains guidance on codes for structural concrete.
Codes and Standards | Nov 12, 2020
California rent control measure defeated
Golden State voters reject Proposition 21.
Codes and Standards | Nov 11, 2020
NY court ruling makes it easier for condo boards to sue investors for construction defects
Investors would be tapped for damages on such cases.
Codes and Standards | Nov 10, 2020
Researchers and industry leaders will form national institute for AI in construction
Goal is to identify high-impact areas for application in design and construction.
Codes and Standards | Nov 6, 2020
Jobsite injuries in New York City decline 20% since 2017
Safety training cited as a cause of improvement.
Codes and Standards | Nov 4, 2020
Commercial building owners having tougher time securing insurance policies and renewals
Insurers’ fears of civil unrest in wake of election prompt builder’s risk coverage moratoriums.
Codes and Standards | Nov 4, 2020
Turn rooftops into revenue generators with solar arrays
Lease or ownership models for PVs make more sense than ever.
Codes and Standards | Nov 3, 2020
The argument against gas stoves includes degraded indoor air quality
Asthma seems to be aggravated by cooking with flame.
Codes and Standards | Nov 2, 2020
Wildfires can make drinking water toxic
Updated building codes could mitigate the danger.
Adaptive Reuse | Oct 26, 2020
Mall property redevelopments could result in dramatic property value drops
Retail conversions to fulfillment centers, apartments, schools, or medical offices could cut values 60% to 90%.