Canceled WSP Contract Sends Message To NY Construction Industry

Faced with a looming $1-billion operating deficit by 2022 and the need for costly capital projects, New York City’s primary transit agency, the Metropolitan Transportation Authority, has imposed a 10% fee cut on current projects by hundreds of professional, technical and advisory firms.

Source: New feed

Canceled WSP Contract Sends Message To NY Transit Engineers

Faced with a looming $1-billion operating deficit by 2022 and the need for costly capital projects, New York City’s primary transit agency, the Metropolitan Transportation Authority, has imposed a 10% fee cut on current projects by hundreds of professional, technical and advisory firms.

Source: New feed

Construction Economics for June 10, 2019

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

Source: New feed