Tag: construction firms

August 7, 2023

Across the skylines of the largest cities in Texas, Louisiana, Oklahoma, Arkansas and Mississippi, boom cranes are a common sight, a signal that the construction industry continues its post-pandemic growth. But with gain comes pain as the lack of talent […]

June 1, 2023

ENR Mountain States is putting the finishing touches on its annual top construction firms lists, which will be published in the July issue of the magazine. Contracting firms will be ranked based on 2022 revenues for work done within the […]

September 16, 2022

Running a successful construction company isn’t easy. The industry is full of risks can challenges that can lead to failure. According to data from the Bureau of Labor Statistics, of the 69,296 private construction firms that started operation in 2001, […]

March 9, 2022

Construction firms should partner with talent organizations, build inclusion and measure their progress in doing so, according to a Building Talent Foundation report issued to coincide with this year’s Women in Construction Week. Though the number of women in construction […]

March 1, 2022

Large public construction firms made news in the first round of earnings reports for 2022. Several of these industry giants reported losses in their most recent financial periods while others saw profits fall. Corporate leaders cited a range of reasons […]

November 22, 2021

The morning after the $1.2 trillion bipartisan infrastructure bill passed the House of Representatives earlier this month, dozens of stocks tied to construction experienced a boost, with some funds even passing record highs, according to CNBC. The package, which President […]

October 25, 2021

Construction sites are dangerous places. Safety hazards lurk around every corner. This is evident by the high rate of occupational fatalities and injuries that occur each year in construction. Falls, electrocutions, heavy equipment rollovers, and collapsing scaffolding are just a […]

September 10, 2021

Construction is the largest global industry that accounts for 13% of global GDP. It encompasses infrastructure, industrial structures, and real estate and today many companies are adjusting their business models to embrace the next normal in construction. It is a […]

August 4, 2021

How much corporations pay in taxes has received widespread scrutiny this year, as President Joe Biden and congressional lawmakers have considered raising taxes to support new infrastructure funding and other programs. Construction companies, which stand to directly benefit from that […]

July 8, 2021

A recent Construction Dive analysis revealed that public construction firms’ effective federal tax rates are among the lowest of any sector. The 19 largest profitable firms in the industry paid a collective 16.8% on their U.S. profits in federal taxes […]

June 21, 2021

Perhaps no other major city in America felt the brunt of COVID-19 faster, or harder than New York City. That was true not only for our hospitals and healthcare workers, but for the men and women who were on the […]

March 15, 2021

Another round of steep price increases and supply-chain disruptions are wreaking hardships on contractors, driving up construction costs and slowing projects, according to an analysis by the Associated General Contractors of America of government data released today. The data comes […]

February 16, 2021

The new SBA data provides a snapshot of the types of businesses that received loans this year and the sizes of the loans. The average loan across all industries was $78,000, and about 70% were for less than $50,000. About […]

October 30, 2020

With total revenue of approximately $48.5 billion, the top 10 specialty contractors for 2019 were: Quanta Services, $12.1 billion Emcor Group, $9.2 billion Mastec, $7.2 billion Brandsafway, $5 billion APi Group, $4.1 billion Primoris Services, $3 billion Artera Services, $2.1 […]

October 22, 2020

For many construction companies, 2020 has been a year of reckoning. The public outcry following George Floyd’s death in police custody this spring, coupled with nearly 20 reported racist acts at construction sites across North America, have spurred contractors to […]

October 12, 2020

Some of the country’s largest construction firms have made changes to their executive leadership and boards of directors in recent months. These board and C-suite moves come at a time when industries and government officials are considering ways to expand […]

June 3, 2020

With confirmed U.S. cases of COVID-19 standing at 1.87 million, with over 108,000 of those cases resulting in death, to have even a fleeting thought of returning to the pre-COVID-19 workloads is not just lofty, it’s wishful thinking. Construction firms […]

May 18, 2020

Although many coronavirus-related shutdown and stay-at-home orders are in still in place, the U.S. is on the road to loosening restrictions to keep the outbreak at bay. Since several areas of construction were considered essential, the industry has a leg […]

April 9, 2020

The CARES (Coronavirus Aid, Relief, and Economic Security) Act includes many potential relief opportunities for the nation’s construction industry, which has been hit hard with disrupted supply demand, delayed projects, closed sites, and labor shortages. The Paycheck Protection Program (PPP), […]

April 8, 2020

Specifically, the new guidance clarifies that businesses do not have to qualify as a small business concern (as defined in section 3 of the Small Business Act, 15 U.S.C. 632) in order to participate in the program. It states that […]