6 companies vying for Deutsche Bank demolition

**James** · #1 (**permalink**) 10-16-2007, 09:48 AM

Six companies are vying for the contract to finish demolishing the former Deutsche Bank building, allaying fears that no company would want to touch the seemingly cursed project, The NY Post has learned.

Among the bidders is Gramercy Wrecking and Environmental, a Westbury, L.I., company that's been doing repairs on the problem-plagued tower since an Aug. 18 inferno there killed two firefighters.

Other likely bidders, sources say, include LVI Environmental, which had previously bid on the project, and a joint venture between Pinnacle Environmental and P.A.L. Environmental Safety, which is demolishing nearby Fiterman Hall. The Massachusetts-based Testa Corp. is also in the running.

ChaplinandSons · #2 (**permalink**) 10-16-2007, 12:57 PM

What are the insurance requirements on a job like that?

NukeWorker · #3 (**permalink**) 10-16-2007, 02:58 PM

That's only 4 bidders

You would have to be a glutton for punishment given the projects history and the fact that the contracting agency is broke.

NYC Demo · #4 (**permalink**) 10-16-2007, 03:02 PM

Breeze is also a contender. The insurance and bonding requirements are huge...Multi-millions.

xemmaleighx · #5 (**permalink**) 10-17-2007, 05:41 AM

Bovis's insurance requirements on a "normal" job are pretty stringent, these I'm sure are over the top

**James** · #6 (**permalink**) 10-17-2007, 09:48 AM

Quote:

Originally Posted by NukeWorker

That's only 4 bidders

I am still trying to find out who the others are, I am working on it.

Quote:

Originally Posted by NukeWorker

You would have to be a glutton for punishment given the projects history and the fact that the contracting agency is broke.

I agree with that.