Waiting for this year's top general contractors list was like watching a train wreck in slow motion. It was a foregone conclusion that Southwest contractors would report precipitous revenue declines. But the damage, based on 2010 revenue, was worse than many expected.
This year's 90 survey participants earned $8.1 billion in total revenue in 2010 across Arizona, Nevada and New Mexico, down more than 42% from the level reported by the top 90 firms in the year-ago period and nearly 60% below the peak market in 2008.