The construction boom in California continues to widen to a scale hard to imagine just a few years ago. The 90 contractors responding to ENR California’s annual survey collectively reported $32.8 billion in 2015 revenue. That represents a 19.6% increase over the previous year. In just three years, contractor revenue has jumped more than 46%.
Many firms, including No. 1-ranked Swinerton Inc., cite unprecedented foreign investment and a growing slate of megaprojects as key factors for the revenue boost. “The potential of these opportunities is huge. To realize them, we are doing things at levels we haven’t done before,” says Eric Foster, Swinerton’s executive vice president.