The Cianbro Cos.’ post-pandemic growth is a testament to its breadth of capabilities and to the value of having a nimble team that can move from one project challenge to the next with diverse skill sets built up over the years.
Lance Franklin and Frank Reich, co-founders and co-CEOs of New York City-based Triton Construction Co., would like to say they planned the firm to be a leader in regional nonunion construction, but gaining that position in a region long dominated by organized labor happened by fate.
As many workers and companies still embrace hybrid and remote models established during the COVID-19 pandemic—even several years out from its onset—impacts on construction continue, with some sectors thriving and others diminishing.
A familiar scenario is playing out as firms participating in ENR Southwest’s annual Top Contractors survey for Arizona, Nevada and New Mexico are reporting strong performance and backlogs, while at the same time, noting that qualified labor remains a top issue as well as materials availability and prices.
Contractors grew revenue in 2022, buoyed by rising populations and favorable business climates amid labor and materials shortages and rising interest rates
Contractors working in the Southeast continued to enjoy rising revenue in a hot market in 2022. And even as some see the momentum of recent years starting to cool a bit, activity remains high.