Construction is back on track for many, but not all, California specialty contractors, according to a recently conducted ENR California-McGraw Hill Dodge Analytics survey. The top 40 firms participating in the survey reported $5.65 billion in total 2012 revenue. That's up 42% from the $3.97 billion that the same number of companies reported in 2011.
"Construction is looking up," says Larry Hollis, vice president of business development with San Jose-based Rosendin Electric, which saw its 2012 revenue climb 32%, to $422 million. The San Francisco Bay Area is especially active, he notes.
Bright Outlook
Electrical contractors did particularly well. As a group, their revenue climbed 67% in 2012. In addition, six of the top seven firms on ENR California's overall specialty contractors ranking get all or part of their revenue from electrical work.
Most electrical contractors continue to be optimistic about future business. "For the next 18 months or so, the California outlook appears to be positive," says John Boncher, CEO of Cupertino Electric, San Jose. "In California, some of our largest projects are solar projects in the Central Valley, public works projects in Southern California and commercial campus work in and around Silicon Valley."
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