Showing posts with label default. Show all posts
Showing posts with label default. Show all posts

Tuesday, July 31, 2018

Hunters Point library besieged with delays


From the LIC Post:

The Hunters Point Library will not open until the summer of 2019 as the project continues to be besieged by construction delays.

The city agency in charge of overseeing the construction estimates that the library will be completed by the end of the year, with the Queens Library taking an additional three to six months to get it ready for opening.

The 22,000-square foot library, which has been under construction since 2015, was expected to open in the first half of 2017. However, between the complex design and issues with the general contractor it continues to be behind schedule.

The major source of the delays can be attributed to the performance of the general contractor, Triton Structural, according to Councilmember Jimmy Van Bramer. “The contractor has essentially defaulted on the project.”

Thursday, December 28, 2017

Contractor defaults on Fresh Pond bridge replacement project


From QNS:

For residents of Ridgewood and Middle Village, the reconstruction of a railroad bridge in a high-traffic area has caused headaches for commuters after repeated delays to the project, and things just got worse.

On Friday, a Department of Transportation spokesperson confirmed to QNS that its contract with Mugrose Construction to rebuild the Metropolitan Avenue and Fresh Pond Road bridge over the Montauk line of the Long Island Rail Road has defaulted. The project that was once projected to have its first phase completed by January 2018 has now been completely stalled.

The DOT cited delays that were beyond its control, and is now working closely with the bonding company to get the project completed as quickly as possible, the spokesperson said.

Construction contracts typically involve a contract surety bond to protect the owner of the property (DOT, in this case) from the risks associated with construction projects. The bonding company assumes that burden, and in the event of a defaulted contract their options are to re-bid the job for completion, bring in a replacement contractor, provide financial or technical assistance to the existing contractor or pay the penal sum of the bond.

Therefore, a defaulted contract doesn’t necessarily mean the contractor has been ousted, but the DOT offered no further details.