Amid an increasingly complex global construction market, Top 250 International Contractors report that owners are placing a greater emphasis on meeting basic project goals—delivered on time, under budget and at promised value. But with supply chains still rebounding from COVID-19, and some economies now feeling the ripples of war in Ukraine, even basic work needs skill and strategy from contractors to keep rising construction costs and risks in check.
Overall, Top 250 contractors saw their revenue recover in 2021. The median international revenue for listed firms rose 5.89%, to $437.77 million from $413.4 million previously. Of the 236 firms that filed in both 2020 and 2021, 62.3% boosted their international revenue. That number rises to 76% when considering this year’s top 25, with the average increase for this group coming in at 7.1%.