Construction companies in the USA
Construction companies in the USA
It has been complicated for the construction industry in the past few years, with the rising prices and labor shortages affecting construction work across the country. As a result, many of the country's major construction companies have experienced a slowdown in business. However, the five most prominent construction companies in the United States had combined annual revenues of close to $100 billion, according to 2021 data from the Engineering News Registry.
Turner Company
In 2022, the Turner Corporation (Turner) ousted Bechtel from the top spot among the largest builders in the country, a title that Bechtel has held since 2016.
The Turner Corporation is the construction management company based in New York City. Founded in 1902 by Henry Chandley Turner, the company now works on some of the most significant projects in the country. With more than the 10,000 employees, the company works on up to 1,500 projects yearly.
Some of Turner's most notable projects include:
- Madison Square Garden, New York, New York
- Harvard Science and Engineering Complex, Allston, Massachusetts
- Columbus Crew MLS Stadium, Columbus, Ohio
- Anaheim Convention Center, Anaheim, California
- Inpatient Tower at Children's National Hospital, Columbus, Ohio
Subs and suppliers looking to work with Turner Corporation should consider their payout points, which have always been a high "A" over the past year.
While most contractors find the Turner pays on time, one contractor said, "This company takes an average of 124 days to pay all our bills, and it can certainly be faster," while another said, "Excellent! Better than anything we've worked with. in many years."
2. Bechtel
The Bechtel is the second largest construction company in the United States - although it held the number one spot for five years through 2021. The company specializes in the construction, engineering, and the project management. Founded in 1898 by the Warren Bechtel, the company is now headquartered in Reston, Virginia.
Some of Bechtel's construction projects include:
- Hoover Dam, Clark County, Nevada
- London City Airport, London, England
- Sydney metro, Sydney, Australia
- Crossrail, London, England
The combined-cycle power plant at Hamill, Shamokin Dam, Pennsylvania
Divers and suppliers interested in working with Bechtel are pleased to learn that the company has had no payment issues reported on 96 percent of its projects in the past 12 months. These payment practices result in Bechtel receiving high payment points.
3. Fluor
Fluor is a construction company headquartered in Irving, Texas. Founded in 1912 by the Swiss immigrants, the company has modest origins but now employs more than 40,000 people worldwide, including offices on every continent except Antarctica.
Some of Fluor notable projects include:
- uddha Tower, California
- A pipeline through Alaska, Alaska
- Jordi Howe International Bridge, Detroit River
- CTA Update Red and Purple Line, Chicago, Illinois
- San Francisco - Oakland Bay Bridge, California
Fleur earned "C" payment points, with some contractors noticing problems with slow payments for more than 90 days. However, Fluor's exact payment speed is unknown, with relatively few reviews.
For subcontractors looking to work with Fluor, please refer to the Fluor Guide to Subcontractors and their Supplier and Contractor Information Portal.
4. Kiewit. Company
Kiewit is a construction, engineering, and mining services company in Omaha, Nebraska. Founded in 1884, Kiewit now employs more than 22,000 people and has locations throughout the United States and Canada.
Some of the Kiewit's notable projects include:
- The Salt Lake City University Line, Salt Lake City, Utah
- Dutch Center for the Performing Arts, Omaha, Nebraska
- Homestead Motorsports Complex, Homestead, Florida
- Passage I-229, Sioux Falls, South Dakota
- Gent CCR Transfer Project, Ghent, Kentucky
Kiewit has 'B' pay points. The main factor for this degree is slow payment, with some contractors reporting more than 90 days before receiving payment.
One reviewer complained about paperwork: "We had to send our invoices to them multiple times. The staff who handles our documents has changed and doesn't seem to know how to distribute documents throughout their departments for approval. The experience could have been better. We have future work with them. We hope that the work will go more smoothly."
5. Whiting-Turner Contracting Company
The Whiting-Turner Contracting Company is a Baltimore, Maryland-based construction company focused on commercial, educational, healthcare, technology, life sciences, and transportation projects. Whiting-Turner operates only within the United States, with 50 locations from Massachusetts to Hawaii. It's also one of the largest private companies in the country, according to Forbes.
Some of the most notable Whiting-Turners projects include:
- Porsche North America headquarters, Atlanta, Georgia
- Under Armor Performance Center Expansion, Owing Mills, Maryland
- Fort worth African Savannah Zoo, Fort Worth, Texas
- Renovation of the University of Virginia Rotunda, Charlottesville, Virginia
- Ruby City, San Antonio, Texas
Whiting-Turner maintains "B" payment points. Contractors reported payment problems on 12 percent of their projects; the most common complaint was inconsistent payment practices.
For example, one reviewer notes that, "Their payment process changes from 1 pm to the next. However, the payment process is very slow for small businesses to turn a profit." On the other hand, more positive reviews are also shared: "Once you learn how to navigate the payment application process, it is straightforward to get paid on time. In addition, the people on the site were professional and easy to work with."