Highway, Street & Bridge Construction Contractors

Highway, Street & Bridge Construction Contractors

Brief Excerpt from Industry Overview Chapter:

Companies in this industry construct highways, streets, roads, airport runways, sidewalks, and bridges. Major companies include AECOM, Bechtel, Granite Construction, and Kiewit (all based in the US), as well as Bouygues Construction and VINCI (both based in France), China Communications Construction Company (China), and Webuild (Italy).

COMPETITIVE LANDSCAPE

Demand is largely driven by the availability of government road building funds, population growth, and the need to replace or repair aging infrastructure. The profitability of individual companies depends on operating efficiencies and the ability to correctly estimate costs. Big companies have the resources and engineering skills necessary for large construction jobs. Small companies can compete effectively by bidding for smaller projects or by working as subcontractors on large projects. The US industry is highly fragmented, with the top 50 companies accounting for about 30% of industry's revenues.

PRODUCTS, OPERATIONS & TECHNOLOGY

Highway, street, and related work construction, accounts for about 40%, followed by construction services for maintenance and repair, and additions, renovations, and alterations account both for about 15% each. Other services including bridge and elevated highway constructions are about 10%.