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New York

Bovis pays city $5M to settle overcharges

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Bovis Lend Lease is set to hand over $5 million to the city for construction project overcharges, the mayor’s office announced today. The settlement is the result of a New York City Department of Investigation review, which showed Bovis improperly paid overtime to workers when it wasn’t warranted. The DOI investigation showed that Bovis overcharged on more than 100 city-funded projects from 1999 to 2009. In a statement, DOI Commissioner Rose Gill Hearn said the investigation “shines a light on one such practice that drove up costs to the city.” Bovis reportedly came forward during the course of the DOI investigation to request a settlement deal. TRD

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Bovis Lend LeaseDepartment Of InvestigationMichael Bloomberg