Structure Tone Admits to Padding Bills in $55 Million Plea Deal

Giant Manhattan contractor plead guilty to one count of first-degree falsifying business records, a felony, and will forfeit $55 million

May 5, 2014

Lawyers for Structure Tone, a $3-billion-a-year general building contractor based in New York City, admitted in Manhattan Supreme Court last week that the company regularly filed false documents to justify its billing records.

The firm agreed to forfeit $55 million in a plea deal that the Manhattan district attorney called “one of the largest forfeiture penalties ever imposed on a construction company.”

Structure Tone issued a statement insisting that the plea “has no impact on our ability to complete existing and future projects. Long before this process began, we strengthened our compliance protocols to improve transparency.”

(more on Structure Tone's $55 million plea deal . . . )

Dsc00805 Edited

The Top 25 Pavement Maintenance & Reconstruction Products 2024

After a few years hiatus, the Top 25 Pavement Maintenance Products is back and will be better than ever!

Deere3

Deere, Purdy Search for Chief Tractor Officer

To apply, candidates must submit a short-form video with their pitch for the position, showing the creativity, humor, and passion they’d bring to the job.

White Cap has also acquired Crimson Steel Supply, LLC (Crimson Steel), a distributor and fabricator of engineered steel rebar and structural steel products serving non-residential and infrastructure end markets.

White Cap Expands Reach in Oklahoma, Oregon

White Cap has acquired Bend Construction - a supplier of struts, fasteners, anchors, and concrete accessories and products - and Crimson Steel - a distributor and fabricator of engineered steel rebar and structural steel products.

Interop Annc V1

Autodesk to Improve Collaboration, Cloud Tools

The interoperability agreement with Nemetschek Group will allow the two companies to improve upon existing data exchanges and open new data-centric workflows that span disciplines and industries.

Rental Snapshot Tom Butts of Nor-Cal Equipment Rentals

Rental Snapshot: A Desire to be Unique

Celebrating its 20th anniversary in 2024, Nor-Cal Equipment Rentals has evolved into a unique, electrifying company. Part of that ingenuity comes from owner Tom Butts, who shares his insights in this month’s Rental Snapshot.

Rental Company Relationships with Suppliers and Rental Customers

How Relationships with Equipment Suppliers & Rental Customers Are Similar

There are a lot of parallels between the people selling equipment to rental companies and those who are destined to rent it out later.

Reputable sellers, UCC searches, and ensuring all paperwork is accounted for are all good practices to follow.

Buying Used Concrete Equipment? Beware of Hidden Liens

There's an uncommon-but-real issue that could crop up when buying any type of used equipment, and that’s buying equipment that unknowingly has a lien on it.

With a minimal working radius of 3 m and an out-of-work position of 10 m, the crane can be adapted to construction site conditions.

Liebherr Showcases 195 HC-LH 6/12 Hydraulic Luffing Jib Crane

With a minimal working radius of 3m and an out-of-work position of 10m, the crane can be adapted to construction site conditions.

While managing rental costs is crucial, contractors must also consider the quality of the equipment. Downtime due to equipment failure can be costly, impacting project timelines and overall efficiency.

Navigating Construction Equipment Rental Costs

A balanced focus on price, duration, and quality -- supported by strong supplier relationships -- is key to achieving efficient and cost-effective equipment rental management.

The electric-powered excavator can be charged rapidly using the PowerTree.

DEUTZ Highlights Eco-friendly Parts, Software

The company will showcase the TCD 3.9 engine in the sub-4 liter category along with an electric excavator, powered by DEUTZ Electric System, and the DEUTZ PowerTree mobile rapid charging system at INTERMAT.

Gerrit Marx.

CNH Names CEO

Gerrit Marx will succeed Scott Wine as of July 1.

The message is clear: as construction progresses into a new digital era, success will favor companies that empower their people with robust capabilities.

Preconstruction Support, Training Vital

The message is clear: as construction progresses into a new digital era, success will favor companies that empower their people with robust capabilities.

Adobe Stock 226955427

Designing an Effective Hiring Process

Getting the right people on your team is critical to the sustainability of your business. High turnover rates or underperforming team members can have a detrimental impact on your business and profitability.

Changing Colors: Yanmar Turns to Red

As part of the company's shift in market approach, execs explain the strategy behind the brand's 2020 departure from conventional yellow machine livery to today's Premium Red.

While generative AI has seized the popular imagination, parametric AI is more practical because it enables a preconstruction professional to quickly change various parameters of a project to yield predictive analytics about cost.

3 Ways Parametric AI Will Change Commercial Preconstruction

While generative AI has seized the popular imagination, parametric AI is more practical because it enables a preconstruction professional to quickly change various parameters of a project.

New SealMaster Santa Ana Storefront Distribution

SealMaster Continues Western Expansion

SealMaster acquires Martin Marietta Miramar sealcoat manufacturing plant.

Volvo Ce Pioneers E Shuttle Service To Cut Transport Emissions 660d7bf383081

Volvo Construction Testing Out Excavator Delivery in France With E-shuttle

The e-shuttle service is designed to reduce emissions during the first transport leg of construction machines from the Volvo CE factory in France.

FIRSTGREEN Industries launches ROCKEAT electric skid steer loader, pioneering powerful, safe and zero-emissions solution for mining, construction and other hazardous industries.

New Electric Skid Steer Loader by First Green

ROCKEAT produces zero carbon emissions, minimum operating fluids and near-silent operation, and offers a low clearance, 360-degree camera and remote operability.

Adobe Stock 279093169

Safety & Sustainability: The 2024 Aerial Industry Report

Rental editor Jonathan Kozlowski asks industry leaders about the status of the market and what heights the year may take us.

Fires. Tornadoes. Water damage. All of these disasters, and other unexpected events, often lead to large property losses that can devastate businesses.

3 Tips for Managing Economic Risks on Construction Projects

While you can’t eliminate risk entirely, you can take steps to help reduce it, avoid it and protect against it.

Worker safety is an area where confirmation bias can have the most disastrous effects, exposing workers all types of potential dangers.

Overcoming Confirmation Bias in Construction Project Management

Confirmation bias can be particularly problematic in project and schedule management, where decisions must be based on accurate and comprehensive information.

The new engine platform will be equipped with Cat Digital Services, an integrated suite of software and hardware solutions supplying the insight equipment owners need to make decisions and secure the health of their equipment.

Caterpillar Announces 13L C13D Diesel Engine for 2026

The new engine platform offers up to a 20% increase in power and up to 25% more low-speed torque than the previous generation of Cat engines in its power class.

Road base is typically introduced after the subgrade has been prepared and compacted to a stable and level surface.

What Is Road Base?

Going back to basics, this article details the importance of the correct road base in the durability and life of roads.

The new products include the 20V MAX* Hydraulic Knockout Tool (DCE600), 20V MAX* XR Brushless Cordless Mid-Size Bandsaw (DCS378) and 20V MAX* XR Brushless Cordless Dual-Trigger Bandsaw (DCS379).

DEWALT Releases 20V MAX Knockout Tool and Bandsaws

The new products include the 20V MAX Hydraulic Knockout Tool (DCE600), 20V MAX XR Brushless Cordless Mid-Size Bandsaw (DCS378) and 20V MAX XR Brushless Cordless Dual-Trigger Bandsaw (DCS379).

Forklift

TPPL vs Lithium Forklift Batteries: Which Technology is Winning?

As technology changes - and presumably improves - how does TPPL technology compare to lithium-ion?

When a prospective site can be made suitable for building by extending utilities (such as water, electricity or gas lines) or infrastructure (such as paving or rail services), funding may be available to offset these costs.

Jobsite Due Diligence Can Prevent Costly Delays

Good building sites remain on the market. But many of those sites must be made good with early planning and intervention.

Progress included the removal of a 156-ton piece of Span 19 outside of the navigational channel, which was hoisted and loaded onto a barge and taken to Sparrows Point, Md., for future disposal.

Baltimore Crews Remove 156-ton Piece of Key Bridge

Progress included the removal of a 156-ton piece of Span 19 outside of the navigational channel, which was hoisted and loaded onto a barge for future disposal. Container removal from Dali has begun.