Despite Growth, Firms Worry - Railworks Corporation

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THE TOP 400 CONTRACTORS OVERVIEW the Patient Protection and Affordable Care Act and the uncertainty of its effect on health-care providers. However, contractors of all types, regardless of what market they serve, have their own concerns about the new health-care law. Many contractors worry about the potential costs and mandates under the new law. “Costs associated with the required health-care coverage will have to be addressed in the next 12 months,” says Joel Stone, CEO of SpawGlass. SpawGlass is one of many major contractors that are concerned about the impact of the federal healthcare law. “We work both union and non-union, and the law requires us to provide specific levels of coverage for non-union employees or face penalties,” says Dunn of JE Dunn. He worries that expenses incurred under the law will hurt many contractors. “But there seems to be new or added levels of record-keeping and compliance requirements,” Levy says. Contractors are working hard to do more with less, squeezing out efficiencies in their processes and investing in technology and equipment to make themselves more competitive in a tough, hard-bid market, he observes. “We try to chase costs down, only to have federal regulations require us to hire a new wave of compliance officers. In a competitive market, you can’t just pass these costs to the customer,” Levy says. The construction industry sees positive signs and uncertainties. Contractors continue to plan for the turnaround that is bound to come, seeking new markets and services. But some contractors are looking a little further into the future than others. On April 16, Bechtel announced it had become one of the investors and collaborative partners with Planetary Resources, a group researching the feasibility of mining asteroids. “This is something that is probably 30 years away from being a market, but it is something we are looking at for the future,” says Dudley. n Oil & Gas | By Gary J. Tulacz Taking the Long View on LNG The U.S. construction industry is profiting from the shale-gas production boom of the past few years, and its effects go well beyond the Lower 48 and Alaska. Bill Dudley, president of Bechtel (No. 1), says the U.S. gas boom also is influencing the worldwide construction market. For example, natural-gas prices in the U.S. are about 75% lower than markets in Japan and India. The demand for cheaper U.S. gas means the market for LNG import terminals, particularly in Asia, will surge. For example, GAIL, India’s state-owned gas company, said in January it will double the size of its Dabhol LNG import terminal. U.S.-based fracking also may affect construction in Canada. Canadian gas producers may be rethinking gas export plans, focusing on the Asian and European markets as export destinations. “Instead of seeing north-south pipelines in Canada, you may be seeing them going east or west,” Dudley says. Low prices in the U.S. already are scaring many other gas-producing regions. In February 2012, Russia’s Gazprom was pressured to lower its prices by 10% to European customers, who have the option of importing inexpensive U.S. coal and LNG. In fact, European coal imports from the U.S. have risen 250% since 2005. The Middle East is starting to focus more on natural resources other than oil and gas, which means more projects in mining and production facilities, particularly aluminum smelters. For example, Ma’aden Saudi Arabian Mining Co. is building a $10.8-billion plant in Saudi Arabia, while Emirates Aluminum is spending $4.5 billion to expand its Abu Dhabi plant. n How to Read the Tables Companies are ranked by construction revenue in 2012 in ($) millions. Those with subsidiaries (†) are listed by company rank, which may be found on the ENR website at www.enr.com. <strong>Firms</strong> not ranked last year are designated as **. Some markets may not add up to 100% due to omission of the “other” miscellaneous market category. NA= “not available.” Figures include prime construction contracts, shares of joint ventures, subcontracts, the construction portion of design-construct contracts and construction management-at-risk contracts when the firm’s risks are similar to those of a general contractor. Figures also include the value of installed equipment when a firm has prime responsibility for specifying and procuring it within the scope of its construction contract. General Building includes commercial buildings, offices, stores, educational facilities, government buildings, hospitals, medical facilities, hotels, apartments, housing, etc. Manufacturing includes auto assembly, electronic assembly, textile plants, etc. Power includes thermal and hydroelectric power plants, waste-to-energy plants, transmission lines, substations, cogeneration plants, etc. Water Supply includes dams, reservoirs, transmission pipelines, distribution mains, irrigation canals, desalination and potability treatment plants, pumping stations, etc. Sewerage / Solid Waste includes sanitary and storm sewers, treatment plants, pumping plants, incinerators, industrial waste facilities, etc. Industrial Process includes pulp and paper mills, steel mills, non-ferrous metal refineries, pharmaceutical plants, chemical plants, food and other processing plants, etc. Petroleum includes refineries, petrochemical plants, offshore facilities, pipelines, etc. Transportation includes airports, bridges, roads, canals, locks, dredging, marine facilities, piers, railroads, tunnels, etc. Hazardous Waste includes chemical and nuclear waste treatment, asbestos and lead abatement, etc. Telecommunications includes transmission lines and cabling, towers and antennae, data centers and web hotels, etc. PHOTO COURTESY OF BECHTEL enr.com May 20, 2013 ENR 12
THE TOP 400 CONTRACTORS The Top 400 List RANK 2013 2012 FIRM 2012 REVENUE ($ MIL) TOTAL INT'L 2012 NEW CONTRACTS - 1 1 BECHTEL, San Francisco, Calif. † 29,436.0 23,255.0 19,468.0 0 0 12 0 60 24 3 1 51 2 2 FLUOR CORP., Irving, Texas † 22,352.8 17,209.6 27,100.0 10 1 3 0 70 12 4 1 8 3 3 KIEWIT CORP., Omaha, Neb. † 9,600.7 3,239.2 6,208.4 6 1 25 4 28 29 0 0 4 4 4 THE TURNER CORP., New York, N.Y. † 9,084.9 730.6 11,263.3 74 6 0 0 10 6 0 6 86 5 6 PCL CONSTRUCTION ENTERPRISES INC., Denver, Colo. † 6,841.5 5,295.5 7,643.8 54 5 3 3 22 12 0 0 26 6 5 KBR, Houston, Texas † 6,070.0 4,330.0 14,190.0 15 1 9 3 59 10 0 0 48 7 7 SKANSKA USA, New York, N.Y. † 5,778.7 90.8 6,747.9 46 7 3 6 9 23 0 4 42 8 14 CB&I, The Woodlands, Texas † 4,415.2 3,503.6 7,305.9 0 0 1 2 95 0 2 0 0 9 11 BALFOUR BEATTY US, Dallas, Texas † 4,142.7 0.0 4,610.5 62 0 0 4 0 16 0 18 22 10 12 THE SHAW GROUP INC., Baton Rouge, La. 4,129.8 315.0 NA 1 0 53 1 15 4 27 0 0 11 16 JACOBS, Pasadena, Calif. 4,104.2 2,087.1 6,020.7 3 3 2 0 85 3 3 0 0 12 9 TUTOR PERINI CORP., Sylmar, Calif. † 4,095.9 129.7 2,694.0 55 0 1 5 3 32 0 0 88 13 10 CLARK GROUP, Bethesda, Md. † 4,074.0 0.0 3,734.4 81 0 5 1 0 12 0 0 45 14 15 THE WALSH GROUP LTD., Chicago, Ill. † 4,049.0 147.5 4,703.5 34 0 5 12 0 50 0 0 7 15 13 THE WHITING-TURNER CONTRACTING CO., Baltimore, Md. 3,781.5 0.0 5,003.0 76 2 1 1 6 1 0 13 63 16 8 FOSTER WHEELER AG, Hampton, N.J. † 3,414.6 2,618.7 3,449.5 0 0 32 0 67 0 0 0 0 17 22 URS CORP., San Francisco, Calif. † 3,309.6 913.7 3,295.7 5 6 38 0 37 8 4 0 12 18 18 MCDERMOTT INTERNATIONAL INC., Houston, Texas † 3,083.7 2,679.9 4,827.7 0 0 0 0 100 0 0 0 0 19 20 STRUCTURE TONE, New York, N.Y. † 3,079.4 167.4 2,559.5 86 0 0 0 5 0 0 9 91 20 42 FIRST SOLAR INC., Tempe, Ariz. † 3,043.1 0.0 NA 0 0 100 0 0 0 0 0 0 21 17 GILBANE BUILDING CO., Providence, R.I. † 3,026.0 193.7 3,416.1 89 0 0 1 4 1 0 4 75 22 21 MCCARTHY HOLDINGS INC., St. Louis, Mo. † 3,008.0 0.0 2,679.0 78 1 2 6 7 5 0 0 56 23 27 LEND LEASE, New York, N.Y. † 2,477.2 22.5 2,049.5 90 0 1 0 3 6 0 0 77 24 24 DPR CONSTRUCTION, Redwood City, Calif. 2,433.6 57.8 2,414.7 50 0 0 0 12 0 0 37 79 25 19 MORTENSON CONSTRUCTION, Minneapolis, Minn. 2,331.7 52.0 2,042.0 54 0 30 3 0 0 0 13 58 26 29 TURNER INDUSTRIES GROUP LLC, Baton Rouge, La. † 2,312.4 24.6 247.0 0 0 2 0 97 0 2 0 0 27 28 HOFFMAN CONSTRUCTION CO., Portland, Ore. † 2,296.0 0.0 NA 22 71 0 2 0 2 0 4 91 28 26 JE DUNN CONSTRUCTION GROUP, Kansas City, Mo. † 2,235.4 0.0 2,569.5 94 0 0 0 0 0 0 5 89 29 23 HENSEL PHELPS, Greeley, Colo. 2,089.2 0.0 1,429.4 74 1 2 0 0 19 0 2 18 30 25 GRANITE CONSTRUCTION INC., Watsonville, Calif. † 2,078.0 0.0 1,175.0 0 0 3 3 1 78 0 0 1 31 32 BRASFIELD & GORRIE LLC, Birmingham, Ala. 2,020.6 0.0 2,580.1 77 10 3 6 1 3 0 1 21 32 41 BLACK & VEATCH, Overland Park, Kan. † 1,791.7 749.4 2,364.0 0 0 44 21 6 0 0 28 19 33 36 WILLBROS GROUP INC., Houston, Texas † 1,744.7 292.2 NA 0 0 30 0 70 0 0 0 0 34 33 AUSTIN INDUSTRIES, Dallas, Texas † 1,732.0 01.0 768.0 41 0 1 0 22 35 0 1 60 35 46 THE YATES COS. INC., Philadelphia, Miss. † 1,615.3 73.7 1,817.6 36 31 12 0 13 8 0 0 4 36 50 MICHELS CORP., Brownsville, Wis. † 1,598.4 74.4 1,598.4 1 0 17 7 59 10 0 6 0 37 35 PRIMORIS SERVICES CORP., Dallas, Texas † 1,540.0 10.0 1,730.0 1 0 16 3 52 28 0 0 0 38 52 SWINERTON INC., San Francisco, Calif. † 1,516.2 0.0 1,466.6 80 0 20 0 0 0 0 0 35 39 39 MANHATTAN CONSTRUCTION GROUP, Tulsa, Okla. † 1,491.9 0.0 NA 78 0 0 0 0 22 0 0 39 40 53 ZACHRY HOLDINGS INC., San Antonio, Texas † 1,474.7 0.0 1,883.0 0 4 51 0 45 0 0 0 57 41 40 SUFFOLK CONSTRUCTION CO. INC., Boston, Mass. 1,450.3 0.0 1,557.8 93 0 0 0 0 7 0 0 97 42 43 THE BABCOCK & WILCOX CO., Charlotte, N.C. † 1,405.0 416.7 2,048.4 0 0 100 0 0 0 0 0 0 43 44 THE LANE CONSTRUCTION CORP., Cheshire, Conn. † 1,389.7 0.0 1,507.6 0 0 0 0 2 98 0 0 0 44 37 COLAS USA, Morristown, N.J. † 1,350.0 0.0 1,467.0 0 0 0 5 4 91 0 0 0 45 47 WALBRIDGE, Detroit, Mich. † 1,291.1 31.0 1,393.0 21 64 5 1 5 1 2 0 35 46 34 DAY & ZIMMERMANN, Philadelphia, Pa. † 1,257.5 4.9 900.0 0 1 97 0 2 0 0 0 0 47 152 FERROVIAL AGROMAN U.S. CORP., Austin, Texas † 1,204.6 0.0 1,206.9 0 0 0 0 0 100 0 0 0 48 49 PARSONS, Pasadena, Calif. † 1,178.5 69.4 646.6 7 0 4 7 12 49 21 0 7 49 30 HOLDER CONSTRUCTION CO., Atlanta, Ga. 1,154.0 10.0 1,288.0 35 0 0 0 0 4 0 62 95 50 31 HUNT CONSTRUCTION GROUP INC., Scottsdale, Ariz. 1,150.0 0.0 745.0 83 8 0 0 1 8 0 0 74 GENERAL BUILDING MANUFACTURING POWER WATER / SEWER / WASTE INDUS. / PETROLEUM TRANSPORTATION HAZARDOUS WASTE TELECOM % CM-AT-RISK enr.com May 20, 2013 ENR 13
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Despite Growth, Firms Worry - Railworks Corporation

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