ADMINISTRATION OFFICIALS SIGNIFICANTLY UNDERESTIMATED COST OF NEW HIRING QUOTAS FOR FEDERAL CONSTRUCTION CONTRACTORS

WASHINGTON, D.C. – June 28, 2012 – (RealEstateRama) — Administration officials significantly underestimated the cost to construction employers of proposed new hiring quotas for federal contractors according to a new analysis released today by the Associated General Contractors of America. According to the analysis, a proposed new hiring quota for the disabled would cost employers 30 times more than officials predict while a new hiring quota for veterans would cost employers 20 times more than originally estimated