Top 10 Construction Companies Making Waves in 2023

Key Highlights

• The construction industry is experiencing a resurgence, with spending reaching new heights.
• Leading construction companies are driving this growth, securing high-value projects globally.
• These companies demonstrate expertise in various sectors, from infrastructure to green building.
• Innovation and sustainability are key focuses for these industry giants.
• They are geographically diverse, with projects spanning North America and beyond.

Introduction

The construction industry is very active right now. There is a rise in project delivery and growth in the whole sector. This means that leading construction companies are becoming more innovative in how they start and finish projects. This blog will look at the top 10 construction companies in 2023. It will highlight what they are good at and how they are helping the construction industry change.

Leading Construction Companies of 2023

From famous tall buildings to tricky infrastructure projects, these companies are raising the bar for quality and efficiency. Their focus on new standards, sustainability, and great results has made them known worldwide. Let’s see what makes these companies special. These leaders in construction keep finding new ways to improve and set higher standards in the field.

1. Turner Construction Company

Turner Construction Company is based in New York and is a well-known name in construction. They have played a big role in creating famous buildings in the city, such as Madison Square Garden and Yankee Stadium. Turner's work is not just in New York. They have also built important projects like Rams Stadium in Los Angeles and the Martin Luther King Jr. National Memorial in Washington, D.C. What makes Turner special is that they act as local contractors in each community. This has earned them the title of the "largest small contractor in America." They also have a wide range of projects, including 20 of the 100 tallest buildings in the world, showing their strong skills and experience.

2. Bechtel Group Inc.

Bechtel, based in San Francisco, is one of the top construction companies in the world. They have been around since 1898 and have worked on over 25,000 projects in construction and civil engineering. Some of their well-known projects are the Hoover Dam and the Channel Tunnel. Bechtel has a global workforce of 55,000 people in almost 50 countries. This shows how large and capable they are in handling big and complex projects. Their steady ranking among the best construction companies shows that they lead in the industry.

3. AECOM

AECOM, based in Los Angeles, is a well-known international construction services company. They do more than just construction. They build public spaces, create clean energy solutions, and manage water projects. AECOM shows their excellence by being recognized as one of Fortune magazine’s World’s Most Admired Companies for five straight years. They have a team of 45,000 experts from different fields. Some of their famous projects include The Grand, a billion-dollar project, and the London Olympic Park, showing their impact around the world.

4. The Whiting-Turner Contracting Co.

The Whiting-Turner Contracting Co. (WTC) is a well-known company in Baltimore. It has been around since 1909 and is respected for its stability and wide range of construction management services. WTC avoids debt and has not been involved in any mergers or buyouts, which helps them stay financially independent. Their strong dedication to their core values has helped them succeed and keeps their reputation high in the industry. Their project list includes important developments, like the Port Covington waterfront project in Baltimore and the Amazon air hub at Cincinnati Airport. Combined, these projects are worth $1.5 billion.

5. Kiewit Corporation

Kiewit Corporation is a big name in North America. It is one of the largest general contractors and is owned by its employees. Founded in 1884, Kiewit started as a small company and has now become a Fortune 500 leader. They have made a significant impact across North America. Kiewit has mined over 750 million tons of coal. They have also built more highway lanes than any other contractor in the United States. Some key projects include the Seattle Light Rail expansion and a $5 billion natural gas export terminal in Louisiana.

6. Skanska USA

Skanska USA is a part of Skanska AB, a Swedish company. They are setting new standards in green building and sustainable construction. Their main office is in New York. They are working on big projects like the $60 billion redevelopment of LaGuardia Airport.

Skanska cares about sustainability within their company culture. They use strong, high-density helmets for their workers. They also support women in construction through mentorship programs. Skanska works in many areas, such as healthcare, aviation, water, and power.

7. PCL Construction Enterprises, Inc.

PCL Construction is a group of independent construction companies that work throughout Canada and the United States. They are known for using new technology in their work. One example is their partnership with CopperTree Analytics. This shows how they use data analytics, energy analytics, and IoT services to improve their projects. PCL also pays great attention to safety. Their lost time frequency rate is five times better than the national average. PCL has important projects like the first LEED Platinum commercial airport in the U.S., which is the Terminal Two building at San Diego International Airport, and the Stadium for the Los Angeles Football Club.

8. DPR Construction

DPR Construction is a unique commercial contractor and construction manager. They focus on complex projects, especially in life sciences and higher education. Their flat organization is owned by employees, which creates a team-based work environment. DPR Construction is known for handling environmentally complex and technically tough projects. One of their major projects is the 583,800-square-foot expansion of the Mayo Clinic West in Phoenix. They have also made important contributions to Pixar Animation Studios in California.

9. Gilbane Building Company

Gilbane Building Company is a family-owned business that has been around for over 146 years. It is known for being a leader in construction management and real estate development. Now in the hands of its fifth generation, Gilbane is built on a strong legacy of trust and skill. The company is located in Providence, RI, and offers services that go beyond just construction. They also provide integrated facility management. Their focus on quality and safety has won them many awards, including the well-respected Construction Users Round Table Safety Awards. One of their notable projects is the $45 million medical clinic for Holloman Air Force in New Mexico.

10. Hensel Phelps

Hensel Phelps, with expertise in development, new construction, renovations, and facility management services, has a diverse portfolio. They are known for their innovative use of technology, including drone surveying and 3-D site survey technology, employed in projects like the Daniel K. Inouye Airport in Hawaii. Founded in 1937 and headquartered in Greeley, CO, they have left their mark on numerous sectors including aviation, commercial, education, government, and healthcare. Another significant project undertaken by Hensel Phelps was the renovation of Airside Four at Orlando International Airport.

Conclusion

In conclusion, the top construction companies are changing the construction industry through innovation and excellence. They focus on quality and efficiency, creating new standards for their work. As we go into 2023, these companies will keep leading in new construction practices, using technology, and working on sustainability. Watching what they do can give you good insights into future trends in construction. If you want to stay updated on recent changes in the construction industry, following these companies is a smart choice.