Int. No. 113
By Council Members Lander, Brannan, Rosenthal, Gibson, Kallos, Reynoso, Powers, Van Bramer, Ayala, Menchaca, Rose, Perkins, Rivera, Richards, Levin, Williams, Ampry-Samuel, Holden, Chin, Levine, Constantinides and Adams
Title
A Local Law to amend the administrative code of the city of New York, in relation to the creation of a database to track citywide capital projects
Body
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 5-108 to read as follows:
?5-108. Reporting on capital projects. a. Definitions. As used in this section, the following terms have the following meanings:
Baseline completion date. The term "baseline completion date" means the original estimated substantial completion date at the start of the construction phase of the project or, where applicable, prior to the start of the design phase.
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 from whose budget funds for the project's costs have been appropriated.
Cost variance. The term "cost variance" means the difference between the baseline cost from the current forecast cost.
Design phase. The term "design phase" means the period of time between the approval of a scope of project for a capital project and the approval of the final design of a capital project pursuant to chapter 9 of the charter.
Construction phase. The term "construction phase" means the period of time between the commencement of the performance of work by the contractor as defined in the contract and when such work has reached substantial completion.
Construction procurement phase. The term "construction procurement phase" means the period of time when procurement activities are und...
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