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Exiger Selected to Monitor Multi-Billion Dollar Construction Project for NYCHA

Exiger the global regulatory and financial crime, risk and compliance firm, today announced that it has been awarded a four-year contract to provide integrity monitoring services to the New York City Department of Investigation (DOI). Under the contract, Exiger will implement a construction integrity monitoring program to oversee the New York City Housing Authority’s (NYCHA) expenditure of nearly $3 billion in federal disaster relief funds, recently secured for post-Super Storm Sandy repairs to more than 33 housing projects in Brooklyn, Queens, Staten Island, and Manhattan.

The Exiger monitorship team, led by Managing Directors Daniel R. Alonso and Christopher Prather, will deploy a team of professionals, including forensic engineers, analysts, and accountants to assist DOI and the NYCHA Inspector General in their efforts to deter and detect fraudulent, wasteful, or abusive conduct by contractors and subcontractors. The use of an integrity monitor on major New York City construction projects has been a longstanding policy of the Department of Investigation and other city and state agencies. Mr. Alonso and Mr. Prather, former federal and state prosecutors, are career integrity professionals with deep backgrounds in integrity monitoring, fraud prevention, and the construction industry.

“The devastating impact of Super Storm Sandy has left a long-lasting scar on more than 375 New York City apartment buildings that are home to tens of thousands of citizens; the effort to repair those homes must be conducted in a responsible manner,” said Jeff Schlanger, President of Exiger Advisory. “We look forward to the opportunity to use our experience in some of the world’s most complex monitoring projects to help New York City set the standard for project governance.”

Construction projects that will be initiated under the Hurricane Sandy relief program have just begun to get underway, with all projects anticipated to be in progress by June 2016. While each project is unique, the core focus of the program is to provide for the repair, replacement, or relocation to higher ground of heating and electrical equipment damaged by salt water that infiltrated and flooded buildings during the storm. Flood proofing and resiliency construction are also included in the scope of many of the projects.

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