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Tishman Construction to pay $20M over massive overbilling

Tishman Construction, one of the nation’s leading contractors, admitted to overbilling clients ove

Daniel Tishman One World Trade Center Tishman Construction, one of the nation’s leading contractors, admitted to overbilling clients over a decade and will to pay $20 million in penalties and restitution. The firm – the developer for One World Trade Center, the Plaza Hotel renovation and the expansion of the Javits Convention Center – charged more than $5 million in fees for hours its Local 79 labor foremen never worked, and at rates exceeding those agreed in the contract. (more…)

Source: The Real Deal