File #: Int 0378-2022    Version: * Name: Requiring cost and schedule signage at capital project sites.
Type: Introduction Status: Filed (End of Session)
Committee: Committee on Finance
On agenda: 5/19/2022
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to requiring cost and schedule signage at capital project sites
Sponsors: Joseph C. Borelli, Kalman Yeger , Diana I. Ayala, Sandy Nurse
Council Member Sponsors: 4
Summary: This bill would require the City to prominently place a sign at capital project sites that identifies the name of the project and responsible agencies and indicates any cost and schedule variances. The sign would provide a phone number and website link for more information about project delays and expenses. The sign would be displayed in a large format font readable by the public from a reasonable distance and be updated at least monthly.
Indexes: Oversight
Attachments: 1. Summary of Int. No. 378, 2. Int. No. 378, 3. May 19, 2022 - Stated Meeting Agenda, 4. Hearing Transcript - Stated Meeting 5-19-22, 5. Minutes of the Stated Meeting - May 19, 2022
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2023*Joseph C. Borelli City Council Filed (End of Session)  Action details Meeting details Not available
5/19/2022*Joseph C. Borelli City Council Referred to Comm by Council  Action details Meeting details Not available
5/19/2022*Joseph C. Borelli City Council Introduced by Council  Action details Meeting details Not available

Int. No. 378

 

By Council Members Borelli, Yeger, Ayala and Nurse

 

A Local Law to amend the administrative code of the city of New York, in relation to requiring cost and schedule signage at capital project sites

 

Be it enacted by the Council as follows:

 

Section 1. Chapter 1 of title 5 of the administrative code of the city of New York is amended by adding a new section 5-109 to read as follows:

§ 5-109 Signage at capital project sites. a. Definitions. As used in this section, the following terms have the following meanings:

Baseline completion date. The term “baseline completion date” means the estimated substantial completion date at the start of the construction phase of the project.

Baseline cost. The term “baseline cost” means the cost of a project as based on the original contract value and other project-related cost estimates.

Budget agency. The term “budget agency” means the agency that is funding the project.

Construction phase. The term “construction phase” means the period of time between the commencement of work by the contractor as defined in the contract and when such work has reached substantial completion.

Cost variance. The term “cost variance” means the difference between the baseline cost and the current forecast cost.

Managing agency. The term “managing agency” means the agency that is responsible for functions and operations related to the project.

Schedule variance. The term “schedule variance” means the difference between the baseline completion date and the current forecast completion date.

b. Signage placement and duration. The managing agency shall prominently display signage as provided under subdivision c of this section at all ongoing capital project sites from the commencement of a project until its substantial completion, updating the signs monthly and updating information on its website more frequently.

c. Information to be displayed. Such signage shall be in a large format font readable from a reasonable distance and shall include:

(1) The name of the project;

(2) The managing agency and budget agency, if different;

(3) Whether a project is on time, behind schedule, or ahead of schedule;

(4) The current projected completion date;

(5) The schedule variance;

(6) Whether the project is substantially on budget, over budget or under budget;

(7) The cost variance expressed both as a dollar amount and as a percentage of the baseline cost; and

(8) A website link and phone number to call for more information regarding schedule and cost variances.                    

§ 2. This local law takes effect 90 days after it becomes law.

 

 

 

Session 12

AV

LS 768

5/2/2022

 

Session 11

PLS

LS #4656

Int. 11-2018