Non-Essential Construction Coming to a Halt in New York State

New York State’s “pause” will now be applied to non-essential construction as announced today by Governor Andrew Cuomo. In another step to stop the spread of COVID-19, contractors on residential and commercial building projects are to wind down. Enforcement will be provided by the state in coordination with the city/local governments, and fines of up to $10,000 per violation will be assessed.

Construction projects for the public good, such as infrastructure and transportation, emergency repairs, hospital and affordable housing building will be allowed to continue.

Grassi’s Construction professionals remain committed to helping you weather this storm and have developed a blueprint to provide some practical guidance, action plans, risk mitigation strategies and assistance with applying for all available loans and other funding sources.

For help navigating these uncertain times, reach out to your Grassi Advisor or Carl Oliveri for guidance.

Carl Oliveri Carl Oliveri is the Construction Practice Leader and a partner at Grassi. He has over 25 years of experience advising owners and executives in the Construction industry, particularly in project-centric and companywide financial modeling, operational strategy development, financial statement accounting services and income tax method analysis. This extensive industry experience allows him to provide insight and advice to construction clients on marketplace trends and... Read full bio

Categories: Advisory