Commercial construction is a significant sector in the United States, with billions of dollars invested in building offices, shopping centers, warehouses, hotels, and other commercial properties. The construction industry in the United States is highly competitive, with numerous companies vying for contracts.
In this post, we will discuss the top 5 commercial construction companies in the United States based on their revenue and reputation.
Bechtel Corporation is one of the largest construction and engineering companies in the world. Founded in 1898, the company has been involved in several high-profile projects, including the Hoover Dam, the Channel Tunnel, and the construction of Saudi Arabia’s King Fahd International Airport. Bechtel has its headquarters in San Francisco, California, and employs over 50,000 people worldwide. The company’s revenue in 2022 was $17.6 billion.
Founded in 1902, Turner Construction Company is one of the oldest and largest construction companies in the United States. Based in New York City, Turner Construction has completed numerous high-profile projects, including the construction of Yankee Stadium, the Lincoln Center for the Performing Arts, and the One World Trade Center. In 2022, the company’s revenue was $14.4 billion.
Jacobs Engineering Group
Jacobs Engineering Group is a global engineering and construction company that provides a wide range of services including design, planning, construction, and project management. The company has been involved in several high-profile projects, including the construction of NASA’s Kennedy Space Center and the expansion of the Panama Canal. Jacobs Engineering Group has its headquarters in Dallas, Texas, and its revenue in 2022 was $15 billion.
Fluor Corporation is a global engineering and construction company that provides services in several sectors, including energy, mining, and infrastructure. The company has been involved in several high-profile projects, including the construction of the Trans-Alaska Pipeline System and the San Francisco-Oakland Bay Bridge. Fluor Corporation has its headquarters in Irving, Texas, and its revenue in 2022 was $13.7 billion.
AECOM is a global engineering and construction company that provides services in several sectors, including transportation, energy, and water. The company has been involved in several high-profile projects, including the design and construction of the Barclays Center in Brooklyn and the expansion of the Los Angeles International Airport. AECOM has its headquarters in Los Angeles, California, and its revenue in 2022 was $13.148 billion.
The construction industry in the United States is highly competitive, with several companies vying for contracts. Bechtel Corporation, Turner Construction Company, Jacobs Engineering Group, Fluor Corporation, and AECOM are some of the top commercial construction companies in the United States based on their revenue and reputation. These companies have been involved in high-profile projects and have a track record of delivering quality work.
What is the outlook for commercial construction in an inflationary environment?
Commercial construction is one of the major drivers of the economy and can be significantly impacted by changes in the macroeconomic environment. One such environment is an inflationary environment, which can be characterized by rising prices and interest rates.
In an inflationary environment, the prices of materials, labor, and equipment used in construction rise, leading to increased construction costs. This can lead to delays in projects as contractors may struggle to secure financing or materials. Moreover, the rising costs can affect the feasibility of projects, making some projects unprofitable.
The outlook for commercial construction in an inflationary environment is mixed. On one hand, rising prices and interest rates can lead to increased costs, which can dampen demand for construction projects. Companies may postpone projects or delay expansions due to concerns about profitability.
However, there are some potential upsides to commercial construction in an inflationary environment.
First, inflation can stimulate economic growth and lead to increased demand for commercial space. As businesses grow and expand, they may require additional office, warehouse, or retail space. Additionally, higher inflation can lead to higher rental rates, which can improve the financial viability of commercial projects.
Second, the government may implement policies to stimulate construction activity. For example, the government may increase infrastructure spending, which can provide a boost to the construction industry. Additionally, the government may offer tax incentives or subsidies to encourage construction activity.
The following are actual documents from leading commercial construction companies currently available in the RealDealDocs database:
Fluor Corp 8-K
Jacobs Engineering Group Inc /De/ Exh 5 Legal Opinion
Construction Contract for KBS INTERNATIONAL HOLDINGS INC., Anqing City Zhong Fang Architectural Installment Engineering Company, Hongri (Fujian) Sporting Goods Co, Ltd
Image courtesy of Michael Gaida