Bovis to Pay City $5 M. for Overcharges

deutsche bank wtc Bovis to Pay City $5 M. for OverchargesWhile he may be busy in Albany today, Mayor Bloomberg still found time today to announce a $5 million settelement with Bovis Lend Lease, one of the city’s largest general contractors.

Bovis has worked on projects ranging from Riverside South to the Langone Medical Center, as well as the 9/11 Memorial and, infamously, the deconstruction of the Deutsche Bank Building.

Last year, two investigations uncovered evidence that Bovis had allegedly been overcharging for many of the projects. Charges were never officially filed, but the city negotiated with the company to reach a settlement over what it said were overcharges at more than 100 projects. The firm’s chief executive stepped down amid the investigations.

“The City is firmly committed to rooting out any waste and overcharge, and this settlement reflects our determination to protect taxpayers’ money—and recoup it where it has been improperly taken,” the mayor said in a statement.

The fraud revolved around the contractor billing the city for overtime its foreman had not performed.

mchaban [at] | @mc_nyo

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