Top Contractors of the Southwest
Despite Economy, General Contractors Post Record Revenues in ‘08
While economic conditions decelerated dramatically towards the end of 2008, the Southwest’s leading contractors still had enough in the tank to cruise to $20.3 billion in construction revenue.
Southwest Contractor’s 13-year-old ranking of the top general contractors in the Southwest tops $20 billion in revenue for the first time.
This year’s charts include 140 companies who submitted their 2008 financial information. The firms collectively produced over $20.3 billion in general contracting revenue.
The top 125 in 2008 more than doubled the revenue reported five years ago by the same number of firms.
While construction starts and new development slowed dramatically in the fourth quarter of 2008, there was still a sizable volume of residual work that helped to sustain contractors, such as the $11 billion CityCenter. Not surprising, CityCenter’s main contractor, Phoenix-based Perini Building Co., once again claimed the top spot of this year’s ranking with $3.19 billion in revenue. Also part of the CityCenter team is Las Vegas-based Tishman Construction Corp. of Nevada. The firm reported $892.4 million, high enough to be ranked second.
Nevada contractors overall reported $8.4 billion, up 4% even though one of 2007’s highest ranking Nevada contractors, Marnell Corrao Associates, chose not to submit a survey this year.
Arizona firms topped $10 billion for the first time this year, led by the strength of Arizona’s top contractor, Tempe-based Sundt Construction with $813.2 million.
New Mexico firms contributed $1.75 billion, also a sizable increase over 2007.
This year’s ranking includes several new charts: a ranking of the largest design-build and construction manager-at-risk firms, a ranking of worldwide totals among firms doing business in the Southwest and the largest private and public sector contractors.
While every effort was made to verify the accuracy of the information, each firm is responsible for the data they submitted.
If you would like to participate in future rankings, please contact Tom McClure at 480-656-7764.
here for next Feature Story >>