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Create a 2 page essay paper that discusses New York Wicks Law.Studies have shown that the impact of Wicks Law has been to increase the cost of construction by an average of ten percent. Along with thi
Create a 2 page essay paper that discusses New York Wicks Law.
Studies have shown that the impact of Wicks Law has been to increase the cost of construction by an average of ten percent. Along with this come delays and hassles for coordinating the sub contracting work and all in all Wicks Law acts as a deterrent for school construction work besides the cost over runs. Again, estimates are that ten percent of the $3.7 billion spent on public school construction was on account of the cost over runs due to Wicks Law and this wasted money could have been utilized for education programs. That there is truth in these assertions can be seen from the fact that the authorities from time to time have considered ways of doing away with Wicks Law and have provided exemptions to it. Opposition especially from the sub-contractors have made the authorities shy away from the abolition of Wicks Law and look for ways and means to amend the Law such that there is a reduction of its impact on construction. The sub contractors themselves are quietly accepting that Wicks Law is out dated and preparing themselves for the changes that can be expected in the near future, with even the possibility of the abolition of Wicks Law. (Phillips, Mathew. “Wicks Law at last may be ripe for repeal this year”).
The abolition of Wicks Law in no way suggests that the rationale was wrong and it only needs to be changed in tune with the changing times. That there should be a separation of the sub-contracting work still remains a requirement, but it should not be mandated, that separate contracts be awarded for the work.