Tishman Interiors was the prime contractor on a renovation project at the Federal Reserve Bank in New York. It subcontracted electrical and cable installation work to three different subcontractors. In came the auditors – auditors from the Labor Department’s Wage and Hour Division (WHD). You know this story isn’t going to go well for the contractor. We don’t know what instigated WHD’s investigation. It could have been random or it could have been based on a call to WHD’s hotline. WHD’s press release did not say.
There’s a contract clause included in all firm-fixed price research and development contracts that allows the