For the second straight year, New York City received the dubious distinction of being the most expensive place in the world to build. After construction costs jumped 3.5 percent in 2017, the average price per square foot reached a new high of $362 in the five boroughs, according to a recent survey by Turner & Townsend. Read more
Sixty-two years after the Tappan Zee Bridge first opened, New York State is near completion on its $3.9 billion replacement. The current bridge had displayed significant signs of aging after carrying more than 138,000 cars and trucks daily. The new structure, which is being built alongside the old, connects Westchester and Rockland counties across the Hudson River.
New York City’s legendary skyline continues its march toward the clouds. Many new towering buildings are either planned or under construction in Manhattan. These New York construction projects are worth watching, because they will likely set the bar for the future of the industry. Read more
For years, those receiving Certificates of Insurance reflecting coverage held by New York contractors could never be certain of the breadth of coverage afforded by the policies. Many of the insurers covering contractors working in New York place restrictive endorsements on their policies, and these endorsements are not normally shown on a Certificate of Insurance.