We talk a lot about the operating budget, but we spend, we commit $10 billion a year on capital projects, and there's no audit team that looks at how do we bring those in on time and on budget. More than half of the projects aren't done that way [on time and on budget]. So we can save hundreds of millions of dollars, but also deliver infrastructure on time, which is critical not only because we love our parks or we need new schools, … (24:02–24:06)
CLAIM
Asserts that more than half of NYC capital projects are not completed on time and on budget.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
