Nonresidential Building Construction

Nonresidential Building Construction

Brief Excerpt from Industry Overview Chapter:

Companies in this industry construct nonresidential buildings, including industrial plants and commercial and institutional facilities. Major companies include Clark Construction Group, Turner Construction, and Whiting-Turner Contracting (all based in the US), as well as Balfour Beatty (UK), China State Construction (China), HOCHTIEF (Germany), and Skanska (Sweden).

COMPETITIVE LANDSCAPE

Nonresidential construction activity depends heavily on corporate and government spending. The profitability of individual companies depends on accurate project bids and efficient operations. Large companies have advantages in their ability to engage in multiple projects simultaneously and to engage in many types of construction. Small companies can compete effectively by specializing, working in a limited geography, or serving as subcontractors on larger projects.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include educational building construction, office building construction, health care and institutional building construction, which all account for about 10% each. Other revenue sources also include renovations, alterations, parking garage construction, and construction project management.