HAWAIIâ€™S TOP 25 CONTRACTORS YES! THERE IS A SILVER LINING!
By Judith Shinsato, Lee Schaller, Jason Soeda and Jocelyn Nystrom
READY FOR A LITTLE GOOD NEWS?
fter several years of a devastatingly down economy, creating an industry-wide framework of plunging revenues, stalled or cancelled projects and — especially difﬁcult in Hawaii’s ohana-oriented workforce — employee layoffs, the tide seems to be turning! In 2011, for the ﬁrst time since 2008, there was an increase in the total revenue of the 25 companies that make up our latest Top 25. Total revenue in 2011 was $2.642 billion, an INCREASE of $102 million over 2010! The increase, although not recordsetting by any means, becomes particularly signiﬁcant when we remember that in 2009 there was almost a billion dollar decrease from 2008. In 2010, there was another total revenue decrease, this time $444 million less than in 2009. What all of this hopefully means is that we are on the way back, we’ve turned the corner, we’re ﬁnding our way out of the woods — however you would like to phrase it, it’s a positive sign. And at this point, after the tough times you all have endured, we’ll take whatever upbeat news we can ﬁnd! In more speciﬁc Top 25 statistics, 14 of you showed increased revenues for 2011 compared with 10 in 2010 and six in 2009. Eleven Top 25 companies experienced a decrease in revenues in 2011, fewer than the 15 companies in 2010 and 19 in 2009.
Looking at the ranking on the Top 25 list, Hawaiian Dredging Construction Co., Inc. holds tight to the No. 1 position for the seventh year in a row! The biggest leap upward on the list was made by Albert C. Kobayashi, Inc., going from the 13th position last time around to No. 4 in 2011. In a rare tie for ranking, the No. 4 spot is shared with Nan, Inc., who apparently did not want to relinquish the ranking it also held last year. Swinerton Builders also made a big move up, jumping seven slots from 14th place in 2010 to No. 7 in 2011 — the company also advanced seven places in 2010 over 2009. (Seven, seven, seven — anyone at Swinerton heading for Vegas soon?) Also making a huge move up the list is Ledcor Construction Hawaii, LLC, climbing from the 19th spot in 2010 to No. 13. There was not a signiﬁcant difference in the amount of public work performed by our Top 25 in 2010 but one statistic that did show change, and perhaps also reﬂects a positive sign, was the increased number of employees in several companies. Nordic PCL Construction, Inc., for example, went from 92 to 150 employees,
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Swinerton from 68 to 210, dck paciﬁc construction, LLC from 100 to 200, Watts Constructors from 275 to 373, Delta Construction Corp. from 185 to 260, and there were more increases. With a little preview into some of the other statistics, Top 25 facts and interesting trivia you will ﬁnd elsewhere in this special section, we will tell you that our Top 25 companies have a heavy stake and longtime commitment to Hawaii, with at least 10 of them having more than a half century of history here. Bottom line? It looks a little brighter out there. You have toughed it through with determination, innovation — and style. There still may be difﬁcult times ahead, but hopefully, the worst is behind us. A tip of the hard hat to each and every one of you. Imua!
HAWAIIâ€™S TOP 25 CONTRACTORS 2011* 1) Hawaiian Dredging Construction Co., Inc.
2) Kiewit Corp.
3) Grace PaciďŹ c Corp.
4t) Albert C. Kobayashi, Inc.
4t) Nan, Inc.
6) Nordic PCL Construction, Inc.
7) Swinerton Builders
8) dck paciďŹ c construction, LLC
9) Parsons RCI, Inc.
10) Coastal Construction Co., Inc.
11) Watts Constructors, LLC
12) Delta Construction Corp.
13) Ledcor Construction Hawaii LLC
14) Dorvin D. Leis Co., Inc.
15) Isemoto Contracting Co., Ltd.
16) Unlimited Construction Services, Inc.
17) Wasa Electrical Services, Inc.
18) Allied Builders System
19) Group Builders, Inc.
20) Alakai Mechanical Corp.
21) Charles Pankow Builders, Ltd.
22) Shioi Construction, Inc.
23) Honolulu Builders, LLC
24) Ralph S. Inouye Co., Ltd.
25) Royal Contracting Co., Ltd.
(*Building Industry magazineâ€™s Top 25 list represents only those companies that responded to our requests for information.) 4
CONTENTS Company ProďŹ les
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