Construction industry in NY watching possible game-changing bill

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Workers stand near the site of a road construction, which closed off part of Times Square, in New York June 3, 2013. REUTERS/Zoran Milich (UNITED STATES - Tags: BUSINESS CONSTRUCTION CITYSCAPE EMPLOYMENT) - RTX10ALW

The New York construction industry is waiting to see if Gov. Andrew Cuomo 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.

Law360 said Bill S06686 has been touted as one of the most significant pieces of legislation to affect the construction industry in decades.

If Gov. Cuomo signs the bill, it will require public contracts to allow contractors, sub-contractors and suppliers to ask for additional payments to cover delays if slowdowns are caused by the state agency overseeing the work.

if enacted, the new law would be a monumental change in how damages for delays are handled in the state, but when compared with similar, broader laws in at least a dozen other states, it would be somewhat limited.

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