NY Construction Industry Watching ‘Game-Changing’ Bill, Law360, ft. Andrew Richards
Andrew L. Richards, Chairperson, Construction Law Practice Group and Co-Managing Partner of the Kaufman Dolowich & Voluck Long Island office, was quoted in a Law360 article written by John Kennedy,
Law360 (June 25, 2018, 4:09 PM EDT) — The New York construction industry is waiting to see if the governor will sign a bill that would upend state contract law by allowing companies to seek payment for delays on public projects, a proposal that many see as an important step toward holding state agencies accountable.
Described as one of the most significant pieces of legislation to affect the construction industry in decades, S06686 adds a new section to New York’s finance law. If signed by Gov. Andrew Cuomo, it will require public contracts to allow contractors, subcontractors and suppliers to ask for additional payments to cover delays if slowdowns are caused by the state agency overseeing the work.
“It’s a huge game-changer,” said Andrew L. Richards, chair of Kaufman Dolowich & Voluck LLP’s construction practice group, adding that the ability to recover damages for delays is a big deal for contractors and subcontractors.