Hudsonville, Mich.-based Lamar Construction, a 280-employee firm specializing in government, health-care and educational facilities, discontinued its construction operations in early July, resulting in 180 job losses. A company statement issued on July 9 cited “current economic conditions” for the closure, which included operations in Colorado and Kentucky. Lamar indicated it would continue operation of its structural-steel division. The company reported revenues of $151 million in 2013, $180.2 million in 2012 and $217.8 million in 2011. It ranks at No. 355 on ENR's list of the Top 400 Contractors, although that was a drop from its No. 308 position in the
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.