Unions Responsible For $100M in Cost Overruns at WTC - SoHo TriBeCa & FiDi Real Estate - Village Confidential

NearSay N-Sider
Thu, May 12, 2011
Unions Responsible For $100M in Cost Overruns at WTC
Unions Responsible For $100M in Cost Overruns at WTC - SoHo & TriBeCa - Real Estate - NYC

According to the Real Estate Board of New York (REBNY), "non-productive" work rules are contributing to $100,000,000 in unnecessary labor expenses at the World Trade Center site. The problem lies with the unions and Locals 14 and 15 are of particular concern. Essentially, their contracts state that certain positions must be staffed at all times on site even if their labor is unnecessary.

For example, a Master Mechanic is paid $600K to 800K per year in salary and benefits and must be staffed on every site with a crain, even though the crane manufacturer provides the repair services for their equipment. REBNY suggests that we adopt national licensing standards in New York to open up the labor pool, reduce construction expenses, and raise the quality of workmanship.

Check out Steven Spinola, the president of REBNY on Fox News

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