Top Contractor Revenue Hits All-Time High

Revenue for the Top 10 contractors in the Northwest Construction Survey totaled $5.1 billion, the highest total since the survey began in 2001. Huge projects like the $292 million Portland Airport Parking Garage for Hoffman Corp., Portland; the $144 million 2200 Westlake project for Turner Co., Seattle; and the $120 million Sheraton Hotel for Skanska USA Building, Seattle were some of the projects that boosted the total for 2007.

Three of the companies in the Top Twenty, Nesser Construction Inc., Anchorage, Bayley Construction, Seattle, and Graham Group, Seattle moved up in the rankings since last year. Neeser was 15th in 2007 and ranked 19th in 2006; Bayley was 16th in 2007 and ranked 28th in 2006 and WG Clark ranked 17th in 2007 compared to 35th in 2006. A boost in housing projects helped out Neeser and Clark, while the South Center Mall Expansion boosted Bayley’s revenues.

Don’t expect the good times to continue indefinitely. McGraw-Hill Analytics, the company which publishes this magazine, predicts that construction in the Northwest will drop off slightly in 2009 in every category, except transportation and heavy highway projects. A return to a blissful housing market may turn this around in mid to late 2009.

advertisement