Firms Continue to Enjoy Success Even While Watching for a Downturn
The market for firms providing construction management on an at-risk basis has been booming for several years. Owners increasingly are attracted to the idea that employing a construction-management firm does not mean they have to assume the burden of all the risk.
For the ENR Top 100 Construction-Management-at-Risk Firms, 2007 was another big year. The Top 100 generated a total of $89.78 billion in revenue, up 21.2% from 2006. On the domestic side, the Top 100 had a combined revenue of $79.23 billion, up 17.0% over 2006, while revenue from projects outside the U.S. rose a huge 65.6%, to $10.55 billion. It continues to be the largest alternative project-delivery system by revenue measured by ENR and far and away the largest domestic system.