Tuesday, 24 April 2018

How bribery and overbilling schemes have become commonplace in the world of RE’s middlemen

From the April issue: In New York City’s $45.3 billion construction industry, it’s a network of middlemen that choreograph the rise of buildings. From supply companies to electrical workers, developers rely on a consortium of professionals to assign contracts and oversee the flow of millions of dollars — sometimes with little to no oversight. “There are hundreds and hundreds of products, hundreds of different workers on the job. It’s a large undertaking,” said Barry LePatner, a […]



source https://therealdeal.com/issues_articles/the-anatomy-of-construction-corruption/

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