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  1. <text id=91TT1994>
  2. <title>
  3. Sep. 09, 1991: Business Notes:Construction
  4. </title>
  5. <history>
  6. TIME--The Weekly Newsmagazine--1991               
  7. Sep. 09, 1991  Power Vacuum                          
  8. </history>
  9. <article>
  10. <source>Time Magazine</source>
  11. <hdr>
  12. BUSINESS, Page 57
  13. Business Notes
  14. CONSTRUCTION
  15. Nailing the Mob
  16. </hdr><body>
  17. <p>     Corruption and fraud in the construction industry have plagued
  18. New York City for decades. Public projects, especially the $4.3
  19. billion building program for schools, have been marred by
  20. crumbling plaster and leaky roofs--often the work of firms
  21. tied to organized crime. Now a state agency seeks to disqualify
  22. unscrupulous contractors before they can even bid on city
  23. projects. The School Construction Authority, created in 1989,
  24. has identified 52 contracting firms linked to crime or shaky
  25. financing. "Some agencies review companies with suspicious
  26. records, but we demand disclosure of potential bidders," says
  27. Thomas D. Thacher, the SCA's inspector general.
  28. </p>
  29.  
  30. </body></article>
  31. </text>
  32.  
  33.