Collectively, ranked firms reported a 2023 revenue gain of 25%, and they are also optimistic about opportunities in 2025.

Project goals can be a moving target amid intensifying inflation, climate change and supply chain disruptions roiling the global marketplace, say this year’s Top 225 International Design Firms.

While infrastructure and tech-focused sectors show steady growth, interest rates and lingering pandemic effects dampen outlook.

Firm revenue rises as more owners shift to collaborative project delivery methods that can increase flexibility, but risks remain.

Investments in diversity, equity and inclusion are helping top design firms cast a wider net to recruit the next generation of design professionals.

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Contractor revenue rises, but firms say higher risks and longer lead times are driving more investment in preconstruction.

In comments about the market’s most pressing challenges, Top 600 Specialty Contractors are widely optimistic that the worst of pandemic-induced delays are done—buttressed by another year of double-digit revenue growth for listed firms.

The East Bay Municipal Utility District in Oakland, Calif., awarded a $237-million contract to Flatiron for construction projects at two of the utility’s water treatment plants: the Upper San Leandro Water Treatment Plant, built in 1927, and the Sobrante Water Treatment Plant.

Construction is underway, with new contracts awarded, on the first phase of Sempra Infrastructure’s $13-billion Port Arthur LNG export terminal in Texas near the Gulf of Mexico, following the energy firm’s award to Bechtel Energy of an EPC contract to manage the two-train project.