For years, large owners have been campaigning for their construction service providers to come up with new methods to deliver projects faster, cheaper, safer and more efficiently. The industry has responded in fits and starts, providing technological advances and project delivery enhancements. But now, large owners are pressing the industry to put developing technology and project delivery advances together to rethink the way construction programs are conceived, designed and built.
As part of its overview of the owners, ENR is once again presenting its Top 425 Owners list. This list ranks publicly held companies based on the construction-in-progress figures for 2005 they supplied in federal financial filings to the U.S. Securities and Exchange Commission as compiled by Standard & Poor’s, a division of The McGraw-Hill Cos. However, many companies do not separate out their construction spending from other elements of their capital expenditures. So this year, for the first time, ENR has published a ranking of 200 publicly held corporations ranked on their overall capital expenditures reported to the SEC and compiled by Standard and Poor’s.