Buoyed by a still-strong construction market in New York and New Jersey, the 50 firms ranked on ENR New York’s Top Contractor list this year were able to boost total revenue 7.6% to $21 billion based on 2015 figures. The top five firms posted a combined $9.7 billion this year, with Turner Construction Co. took the No. 1 spot for the second year in a row. AECOM, Structure Tone, Skanska USA and Lendlease again rounding out the top five.
Continued strength in residential construction, particularly in New York City, was a key catalyst. The city’s Dept. of Buildings issued 56,528 residential permits in 2015, a nearly 180% increase over the total in 2014, according to the New York Building Congress.