KabirMassey was retained by a growing design firm that had won a construction bid for a project that was subject to NYC’s Industrial Commercial Abatement Program (ICAP). The ICAP program endows special tax abatement benefits if specific hiring, labor, and reporting rules are followed throughout the life of the project. Failure to abide by ICAP rules can lead to substantial loss for a developer and general contractor involved.
This project was the client’s first exposure to ICAP, which imposes both immediate and future obligations on all participants. KabirMassey liaised with numerous government officials and relevant parties’ counsel to create and implement a plan for the company’s successful compliance. We drafted a reliable and dynamic blueprint for the company’s participation in current and future ICAP projects.
KabirMassey is experienced in interpreting complex laws, rules, and regulations that may affect your business and its operations.