enr report 2005

21
CYAN MAGENTA YELLOW BLACK RIGHT HAND PAGE 5 25 50 75 95 ENR • ISSUE: Month 00, 2005/ PAGE: 1 / Version: #1 Day, Month 00, 2005 0:00:00 PM The Top 225 International Contractors The Top 225 Global Contractors 2005 Rankings by 2004 Revenue August 22-29, 2005 ENR's Top 225 International Contractors is a comprehensive package of data and analy- sis. It contains the rankings by 2004 revenue of the Top 225 International Contractors based on non-home country revenue. The overview story and list is accompanied by tables show- ing what countries' contractors are dominating each region of the world. The Top 225 Global Contractors contains rankings by 2004 revenue of the Top 225 largest contractors based on both home country and non-home country revenue. Contents 1. Main overview and analysis story. 2. The Top 225 International Contractors List 3. The Top 225 Global Contractors List

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Page 1: ENR Report 2005

CYAN MAGENTA YELLOW BLACKRIGHT HAND PAGE 5 25 50 75 95

ENR • ISSUE: Month 00, 2005/ PAGE: 1 / Version: #1Day, Month 00, 2005 0:00:00 PM

The Top 225 International ContractorsThe Top 225 Global Contractors

2005 Rankings by 2004 RevenueAugust 22-29, 2005

ENR's Top 225 International Contractors is a comprehensive package of data and analy-sis. It contains the rankings by 2004 revenue of the Top 225 International Contractors basedon non-home country revenue. The overview story and list is accompanied by tables show-ing what countries' contractors are dominating each region of the world. The Top 225 Global Contractors contains rankings by2004 revenue of the Top 225 largest contractors based on both home country and non-home country revenue.

Contents

1. Main overview and analysis story.2. The Top 225 International Contractors List 3. The Top 225 Global Contractors List

Page 2: ENR Report 2005

40 � ENR � August 22/29, 2005 enr.com

Top 225 Overview�

By Peter Reina and Gary J. Tulacz

Ian Tyler, CEO of the U.K.’s Bal-four Beatty Construction Ltd. re-ports “a lot of innovation” in pro-curement, particularly in the U.K.public sector. He welcomes the moreearly inclusion of contractors in pro-jects there, “and we are seeing it alsoin a few other places in Europe.”

One reason for the market growthis the growing interest in build-oper-ate-transfer (BOT) projects around theworld, says Simon Hipperson, presi-dent of Sweden’s Skanska BOT. TheU.K. still leads this sector, but thereis strong interest globally, notably inEastern Europe. In the U.S., themarket is “very, very rapidly emerg-ing,” he adds.

The size and growing financialstrength of a few large contractorshas many international contractorsconcerned about being shut out ofprojects by behemoths that use theirfinancial clout to secure BOT work.

While work seems to be plentiful,many contractors do not see a strongmove in the market. Globally, busi-ness is “pretty much unchanged fromlast year,” says Carlos Möller, head ofinternational work at Germany’s Bil-finger Berger Bau. Very large projects“are quite scarce [but] I don’t thinkyou can define a trend,” he says.

Potentially boosting business, inter-national funding agencies are shed-ding their former distaste for largeprojects, says Philippe Ratynski, chair-man of France’s Vinci Construction.“In the last two years, [funding] is com-ing back to infrastructure,” he says.

TThe big definitely are getting bigger in the interna-

tional construction market. As infrastructure needs

become more demanding around the globe, many

top international contractors have expanded their

roles to include developing and financing projects.

Increasing demands by publicclients have led international con-tractors to become not just entitiesthat build the project, but ones thatwill develop, plan and finance it, aswell. This trend has aided an expand-ing market, but it also means thatnewer or smaller international firmswill have to scramble to grow.

Overall, the international marketcontinues to grow. ENR’s Top 225International Contractors had com-bined revenue of $167.49 billionfrom projects outside their homecountries in 2004, up 19.8% over$139.82 billion in 2003.

Size Counts in Growing Market

The Top 225InternationalContractors

Page 3: ENR Report 2005

enr.com August 22/29, 2005 � ENR � 41

For example, some U.S. contractorslooked with concern when a consor-tium led by Spain’s CINTRA andFerrovial won the right to develop a316-mile portion of the Trans-TexasCorridor highway project.

Such financial/construction con-sortia have become more common inrecent years, and some firms are con-cerned. “Big construction companiesare becoming bigger and even over-sized and supported by the financialconsortiums,” says Lin Rongxin, pres-ident of China Civil Engineering Con-struction Corp. “Monopolization hasstrengthened in the internationalconstruction market in recent years.”

This trend has caused consterna-tion for international contractors thatare not prepared to bring deep pock-ets into the fray. “Southeast Asia isour most disappointing market,” saysVishwanath Banavali, deputy generalmanager for Hindustan ConstructionCo. He says his firm can bring highlevels of expertise and competitiveprices. But he says it is being shut outof some top jobs in the region thatare being let “mostly on BOT.”

Managing in Hot MarketsLike many large international firms,Germany’s Hochtief is focusing onmature markets, the U.S. and Aus-tralia in particular. Its goal is “flattercyclical fluctuations, lower risk andsteadier cash flow, which display sig-nificant growth while achieving highmargins over the long term and tyingup less capital,” says Chairman Hans-Peter Keitel.

Some firms have used the growingmarket to retool themselves and toregain their momentum. “We man-aged to recover from our severefinancial difficulties in early 2000with debt-equity swap and over-allrestructuring of the company,” saysDong-Jin Yeo, executive vice presi-dent of international business at Ko-rea’s Hyundai Engineering & Con-struction Co. “Since 2002, our fi-nancial situation has rapidly im-proved.” The firm also has improvedits credit rating. “With our financialhealth improving, we expect to bemore competitive in the global mar-ket,” he says.

Japan’s Kajima Corp., on the oth-er hand, has sharpened its focus bysplitting its international division intwo, says Masafumi Fukuyama, gen-eral manager of the overseas sub-sidiaries management division. Thedivision will “strategically manageour overseas subsidiaries’ operationsby analyzing international markettrends and allocating our human re-sources to where the market isstrong,” he says. The international

division will focus on larger infra-structure projects that may be be-yond the scope of local subsidiaries.

Looking geographically, “theAsian market is a little bit more diffi-

CanadaTotal Revenue: $5.0 billion +4.2%FIRMS COUNTRY % OF TOTAL $ MILLION

21 U.S. 70.0 3,470.9

3 FRANCE 18.5 916.0

4 SPAIN 7.1 353.4

1 U.K. 1.5 72.0

1 NORWAY 1.3 65.9

1 SWEDEN 0.9 45.5

5 OTHER 0.7 33.4

Middle EastTotal Revenue: $25.4 billion +54.8%FIRMS COUNTRY % OF TOTAL $ MILLION

20 U.S. 46.7 11,873.9

11 JAPAN 9.8 2,486.7

8 ITALY 7.8 1,970.3

7 FRANCE 6.8 1,738.6

1 GREECE 6.5 1,650.1

29 CHINA 4.1 1,034.1

48 OTHER 18.3 4,661.7

EuropeTotal Revenue: $60.3 billion +29.2%FIRMS COUNTRY % OF TOTAL $ MILLION

8 FRANCE 23.2 13,966.7

26 U.S. 16.3 9,850.7

1 AUSTRIA 9.7 5,833.6

1 SWEDEN 9.0 5,447.6

2 NETHERLANDS 7.7 4,619.0

5 U.K. 6.6 3,974.9

70 OTHER 27.5 16,573.3

AsiaTotal Revenue: $30.5 billion +16.7%FIRMS COUNTRY % OF TOTAL $ MILLION

18 JAPAN 24.2 7,384.5

5 GERMANY 23.6 7,188.4

43 CHINA 16.8 5,112.8

27 U.S 8.8 2,677.1

6 FRANCE 5.7 1,741.3

4 U.K. 5.1 1,556.4

44 OTHER 15.8 4,804.8

AfricaTotal Revenue: $14.3 billion +12.9%FIRMS COUNTRY % OF TOTAL $ MILLION

8 FRANCE 24.7 3,527.4

39 CHINA 14.7 2,106.8

19 U.S. 13.8 1,976.6

9 ITALY 9.1 1,294.1

9 JAPAN 5.4 778.0

4 GERMANY 5.0 715.1

44 OTHER 27.2 3,885.7

Latin America/CaribbeanTotal Revenue: $9.1 billion -1.7%FIRMS COUNTRY % OF TOTAL $ MILLION

35 U.S. 27.0 2,444.5

7 SPAIN 26.0 2,352.3

7 ITALY 17.3 1,562.3

3 BRAZIL 9.2 835.4

5 FRANCE 9.0 810.7

1 SWEDEN 2.6 232.6

38 OTHER 9.0 815.9

U.S.A.Total Revenue: $22.8 billion +0.0%FIRMS COUNTRY % OF TOTAL $ MILLION

4 GERMANY 32.0 7,295.6

1 SWEDEN 23.9 5,437.8

4 U.K. 14.5 3,299.0

5 FRANCE 13.0 2,968.0

12 JAPAN 7.4 1,697.0

1 NORWAY 1.7 380.1

25 OTHER 7.5 1,717.9

Page 4: ENR Report 2005

42 � ENR � August 22/29, 2005 enr.com

Top 225 Overview�

get a toehold, says Cote.

Middle East GusherThe recent spike in oil prices hasfueled a major construction boom inthe Middle East. “Current oil pricesare generating fantastic profits andliquidity that are reinvested in theregion in the form of infrastructure,tourism and other projects,” says Was-sim Merhebi, director of Lebanon-based Arabian Construction Co. Thishas caused firms to scramble to findqualified people in the region. “Thecycle time is moving so fast that train-ing new personnel has become a luxu-ry one cannot afford,” he says.

Much of the work is powered bythe petroleum market. “Currently,more opportunities lie in countries

for people to make their fortunes,”says Tyler. “We are looking at Chinavery, very carefully. It’s a high-riskmarket,” he adds. For building andinfrastructure work, Hong Kong is“rather depressed,” he says.

Australian infrastructure, howev-er, is booming, accounting for about25% of Bilfinger Berger’s sales.Möller sees transportation infrastruc-ture demand continuing for two tothree years. He notes that BilfingerBerger and Hochtief, between them,own five major subsidiaries in Aus-tralia and these firms are doing abouthalf the major projects down under.This has caused other major interna-tional contractors difficulties inentering the Australian market. Forexample, Bouygues is struggling to

cult,” says Möller. “There are nosigns of large projects despite eco-nomic recovery.” France’s Bouygues,however, is building a privatelyfinanced bridge in South Korea and islooking at a similar prospect atPusan, according to Michel Cote,Bouygues Construction’s deputyCEO. And Bouygues is preferredbidder for a port contract there.

Ratynski still sees “good opportu-nities” in China and is bidding forcivil work on a nuclear plant. Butconditions are “getting more and moredifficult,” says Cote. “They [propose]much more severe constraints forcontractors. There are very limitedprojects.”

Partly because of competition,China “is not really an obvious area

The 2005 Top 225 at a Glance

Market AnalysisREVENUE PERCENT

TYPE OF WORK $ MIL. OF TOTAL

BUILDING 41,565.7 24.8

MANUFACTURING 5,028.3 3.0

INDUSTRIAL 8,902.9 5.3

PETROLEUM 30,679.2 18.3

WATER 4,188.4 2.5

SEWER/WASTE 3,400.2 2.0

TRANSPORTATION 44,042.9 26.3

HAZARDOUS WASTE 668.3 0.4

POWER 10,130.2 6.0

TELECOMMUNICATIONS 1,951.6 1.2

OTHER 16,928.8 10.1

VolumeDOMESTIC INTERNATIONAL TOTAL

$ BIL. % CHG. $ BIL. % CHG. $ BIL. % CHG.

REVENUE 334.8 +13.4 167.5 +19.8 502.3 +15.5

NEW CONTRACTS 343.9 +10.4 166.4 +22.8 510.3 +14.1

ProfitabilityNUMBER OF FIRMS REPORTING AVERAGE % OF

PROFIT LOSS PROFIT LOSS

DOMESTIC 124 30 5.5 NA

INTERNATIONAL 152 15 7.6 NA

Professional StaffNUMBER OF FIRMS REPORTING AVERAGE % OF

DOMESTIC INT’L DOMESTIC INT’L

INCREASE 86 74 14.7 17.2

DECREASE 31 22 7.3 14.8

SAME 80 75 NA NA

BacklogNUMBER OF FIRMS REPORTING AVERAGE %

HIGHER 130 38.7

LOWER 132 16.6

SAME 36 NA

NA=NOT AVAILABLE

International RegionsNUMBER REVENUE PERCENTOF FIRMS $ MIL. OF TOTAL

CANADA 37 4,962.6 3.0

U.S. 52 22,795.4 13.6

LATIN AMERICA 80 7,399.0 4.4

CARIBBEAN ISLANDS 40 1,654.6 1.0

EUROPE 114 60,265.9 36.2

MIDDLE EAST 123 25,415.4 15.2

ASIA/AUSTRALIA 146 30,465.3 18.2

NORTH AFRICA 93 7,061.9 4.2

SOUTH/CENTRAL AFRICA 90 7,221.9 4.3

UNALLOCATED/OTHER 5 244.6 0.1

Page 5: ENR Report 2005

ny to a local company of the hostcountry,” he says. Lin says the influxof oil revenue into Nigeria has loos-ened up that market, allowing forincreased public spending.

But many firms worry that themarket now is being flooded withnew competitors. To Turkey’s Gama,the biggest concern is “hard compe-tition, presence of inexperiencedcompanies in the market, pressure touse local labor, corruption and latelyChinese companies entering the mar-ket with low prices,” says MehmetArtun, the firm’s deputy chairman.He says Gama has been using itsexpe-rience to win work, but now isworking on its engineering capabilityto be able to provide full engineer-ing-procurement-construction ser-vices, “especially for the projects inpower and cement industries.”

Moving EastIn Europe, emerging eastern marketsoffer substantial growth prospects,often at the expense of WesternEurope work. Many Western Euro-pean markets “have been disappoint-ing because Japanese manufacturersare shifting their production basesfrom the Western Europe to Centraland Eastern Europe,” says Fukuyamaof Kajima. He sees this as part of ageneral trend among manufacturingclients. “More Japanese and interna-tional companies will be buildingmanufacturing facilities abroad where

Fukuyama. It involves the final de-sign and construction of a 69-kmmetro light rail line. The project wasawarded May 29 to a consortium in-cluding Japan’s Mitsubishi, ObayashiCorp., Kajima and Turkey’s YapiMerkezi.

African AdventuresIn Africa, it’s “business as usual,” saysCote. But, unusually, Bouygues wonover $700 million of work through itssuccessful bid for the continent’s firsthigh-speed railroad in South Africa.Promises for more African interna-tional aid “could help” contractors,says Cote. But Bilfinger’s Möller isdoubtful. He is steering the firm in-creasingly into the African private sec-tor, notably in oil and gas.

Vinci’s local units are reportingnearly $400 million in African sales.But Ratynski complains of unevencompetition, particularly from Chi-nese contractors. Established firmsapply higher environmental and safetycriteria and employ more local people,he claims. “When you work with aChinese company, all the staff are Chi-nese...and so are the workers,” he adds.

Chinese firms disagree with thisassessment. China Civil EngineeringConstruction Corp. is movingtoward more localized participation,particularly in the African market,says Lin. “Our principle is to [utilize]localized management and transformour company from a foreign compa-

like Saudi Arabia, Kuwait, U.A.E.and Libya,” says Yeo of HyundaiE&C. His firm has been working onthe South Pars Gas Field Develop-ment in Iran since March 1999 andmost recently completed phases 4and 5 of the project, a $1.6-billionon-shore gas plant, in record time, henotes.

Hyundai is one of many large con-tractors finding huge projects in theMiddle East. Athens-based Consoli-dated Contractors International isworking in a joint venture with Tech-nip and Chiyoda on the QATARGASSuper Trains in Qatar, consisting oftwo trains, each with a capacity of 7.8million metric tons/year, notes SamerKhoury, executive vice president.The firm “is focusing 70% on the oiland gas sector,” he says. “With thisprice level, the oil companies will in-vest billions in the years to come bothin the upstream/downstream proj-ects.”

In the Middle East, Dubai standsout. “The amount of constructionjust defies belief,” says Tyler. AndQatar “is going to be a booming mar-ket for the next few years,” he adds.But competition is tough, says Cote.For example, a Turkish-Japaneseteam recently undercut a Europeanbid for the $3.5 billion Dubai metroby several hundred million dollars, henotes.

The Dubai metro project is one ofKajima’s biggest recent projects, says

44 � ENR � August 22/29, 2005 enr.com

Top 225 Overview�

CONTRACTOR NUMBER OF INT’L BILLINGS MIDDLE EAST ASIA AFRICA EUROPE U.S. CANADA LATIN AM./CARIB.NATIONALITY FIRMS $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. % $ MIL. %AMERICAN 55 32,299.2 19.3 11,873.9 46.7 2,677.1 8.8 1,976.6 13.8 9,850.7 16.3 NA NA 3,476.4 70.1 2,444.5 27.0CANADIAN 4 294.3 0.2 27.9 0.1 25.5 0.1 0.5 0.0 17.4 0.0 223.0 1.0 NA NA 0.0 0.0EUROPEAN 56 99,672.4 59.6 7,224.3 28.4 11,644.5 38.2 7,129.5 49.9 46,375.7 77.0 20,461.0 89.8 1,483.8 29.9 5,353.6 59.1

British 5 10,015.4 6.0 691.0 2.7 1,556.4 5.1 406.2 2.8 3,974.9 6.6 3,299.0 14.5 72.0 1.5 16.0 0.2German 6 18,599.4 11.1 199.7 0.8 7,188.4 23.6 715.1 5.0 2,969.9 4.9 7,295.6 32.0 27.1 0.5 203.7 2.2French 8 25,668.8 15.3 1,738.6 6.8 1,741.3 5.7 3,527.4 24.7 13,966.7 23.2 2,968.0 13.0 916.0 18.5 810.7 9.0Italian 12 6,682.4 4.0 1,970.3 7.8 317.6 1.0 1,294.1 9.1 1,220.5 2.0 317.7 1.4 0.0 0.0 1,562.3 17.3Dutch 2 4,983.0 3.0 0.0 0.0 0.0 0.0 2.0 0.0 4,619.0 7.7 358.0 1.6 4.0 0.1 0.0 0.0Spanish 7 8,742.7 5.2 381.9 1.5 138.0 0.5 347.9 2.4 4,937.1 8.2 232.1 1.0 353.4 7.1 2,352.3 26.0Other 16 24,980.8 14.9 2,243.0 8.8 702.8 2.3 836.8 5.9 14,687.5 24.4 5,990.7 26.3 111.4 2.2 408.6 4.5

JAPANESE 18 14,555.1 8.7 2,486.7 9.8 7,384.5 24.2 778.0 5.4 2,023.7 3.4 1,697.0 7.4 1.4 0.0 183.8 2.0CHINESE 49 8,829.1 5.3 1,034.1 4.1 5,112.8 16.8 2,106.8 14.7 255.2 0.4 174.4 0.8 0.0 0.0 145.8 1.6KOREAN 8 3,076.2 1.8 911.1 3.6 1,454.8 4.8 643.3 4.5 27.1 0.0 19.6 0.1 0.0 0.0 20.3 0.2TURKISH 14 2,178.1 1.3 456.7 1.8 527.1 1.7 284.6 2.0 909.8 1.5 0.0 0.0 0.0 0.0 0.0 0.0ALL OTHERS 21 6,337.4 3.8 1,400.6 5.5 1,639.0 5.4 1,364.5 9.6 806.3 1.3 220.4 1.0 0.9 0.0 905.7 10.0ALL FIRMS 225 167,241.9 100.0 25,415.4 100.0 30,465.3 100.0 14,283.8 100.0 60,265.9 100.0 22,795.4 100.0 4,962.6 100.0 9,053.6 100.0EXCLUDING ANTARCTIC/ARCTIC; NA = NOT APPLICABLE; UNALLOCATED CONTRACTING REVENUE BY REGIONS - $216.0 MIL.

How the Top International Contractors Shared the 2004 Market

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they can find operational advantages,such as inexpensive labor cost,” hesays.

For some contractors working inEurope, the move east has had itsbenefits. “We doubled our size in twoyears,” says Ratynski. Vinci is focus-ing on Poland, Hungary and theCzech Republic, and is bidding inRussia.

Russia increasingly is looked at asa major market for many contractors.“Due to growing and stabilizingdynamic economy, there is moreinternational business flow to thiscountry every year,” says Taner Soy-ak, general director of Turkey’s SoyakConstruction. The firm has workedin Russia for 10 years for such inter-national clients as Coca-Cola, Pepsi,Nestle, Kraft-Jacobs, and Michelin,and Soyak sees no slowdown in themarket.

In Poland, Skanska sees largeinfrastructure needs and growing EU investment fueling opportunities.A Skanska team has become the preferred bidder for a Polish tollroad. And in the Czech Republic,

the firm’s sales, at about $1 bil-lion, grew 50% in the year to this March, says chief spokesman PeterGimbe.

For Turkey’s Enka, its biggest project is another major EasternEuropean highway. “We are under-taking the Romanian Motorway with a $2.5-billion contract,” in ajoint venture with Bechtel, says Fik-ret Guler, board member. The 415-km, four-lane highway has beencalled the biggest highway project inEurope. It is planned to be finished in2012.

Further west, “a little bit to our surprise, a lot of opportuni-ties have shown up in our neigh-boring countries,” notes Möller. “Wesee more...opportunities in Eu-rope than we have seen in past years.”

In the U.K., publicly financedbuilding projects are buoying con-struction, although infrastruc-ture work is less abundant, says Tyler. But with U.K. contractorschasing volume rather than mar-gins, “it’s difficult to make money,”

says Ratynski. Nevertheless, the U.K. “is the only open market inEurope.”

And European contractors arepuzzled by the workings of the Italianmarket. Bouygues, for example, triedto bid for the huge Messina Straitsbridge this year, but pulled out. Thescope of the contract was too big andthe design risks excessive, says Cote.“I decided it was impossible,” heexplains.

France, meanwhile, “is very good,”Cote says. Residential building isbooming, although infrastructurework is “less good.” However,Bouygues this year signed a $750-million toll road contract and is bid-ding to work on a planned nuclearpowerplant at Flamanville.

Following the 2002 collapse of Germany’s Phillip Holzmann AG,Walter Bau AG folded this year in the chronically depressed domesticmarket. But it is “possible to build successfully in Germany, as long as one refrains from entering what weconsider to be a totally nonsensicalprice war,” says Hochtief’s Keitel. �

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48 � ENR � August 22/29, 2005

Top 225�

The Top InternationalContractors

TThe international contracting market is providing widespread prosper-ity for contractors from around the world. Overall, the ENR Top 225International Contractors, which are based in 39 different countries, sawtheir collective revenue from projects outside their home countries rise19.8% in 2004, to $167.5 billion. New contract volume, a sign of futuretrends, was up 22.8%, to $166.5 billion in 2004. And the good news waswell shared. Of the 193 firms that were on the Top 225 last year and thisyear, 139 enjoyed rising revenue, while only 54 declined.

The Top 225 International Contractors(Based on Contracting Revenue from Projects Outside Home Country)

1 2 HOCHTIEF AG, Essen, Germany† 12,632.0 14,975.3 19,394.3 57 2 1 2 1 4 19 0 3

2 1 SKANSKA AB, Solna, Sweden† 11,436.3 14,138.3 16,590.0 54 1 4 1 3 8 25 0 1

3 6 KBR, Houston, Texas, U.S.A.† 9,830.8 10,899.4 2,379.6 4 0 0 0 0 13 0 0 0

4 3 VINCI, Rueil-Malmaison, Cedex, France† 9,202.0 24,268.0 24,186.0 17 0 4 1 0 5 50 0 4

5 4 BECHTEL, San Francisco, Calif., U.S.A.† 8,105.0 14,424.0 12,855.0 0 0 6 0 2 39 49 3 1

6 5 BOUYGUES, Saint-Quentin-en-Yvelines Cedex, France† 7,464.0 20,148.0 21,353.0 26 0 3 0 0 1 69 0 0

7 7 TECHNIP, Paris La Defense Cedex, France† 6,377.0 6,484.0 6,966.0 0 0 1 0 0 99 0 0 0

8 8 FIMAG FINANZ INDUSTRIE MGMT. AG, Spittal/Drau, Austria† 5,993.4 8,131.3 9,198.2 30 0 0 2 4 7 44 0 0

9 9 ROYAL BAM GROEP NV, Bunnik, The Netherlands† 5,027.0 9,108.0 NA 50 0 0 0 0 0 50 0 0

10 10 BILFINGER BERGER AG, Mannheim, Germany† 4,915.0 7,602.0 7,636.0 31 0 3 0 2 18 46 0 0

11 16 FERROVIAL, Madrid, Spain† 3,650.0 9,855.0 NA 36 0 0 10 10 0 44 0 0

12 13 FLUOR CORP., Aliso Viejo, Calif., U.S.A.† 3,635.6 6,906.6 13,028.6 24 4 3 0 0 62 7 1 0

13 11 AMEC PLC, London, U.K.† 3,219.0 6,005.0 2,044.0 32 3 4 1 0 34 13 0 13

14 12 BOVIS LEND LEASE, Harrow, Middlesex, U.K.† 3,204.0 5,088.0 6,995.0 28 0 0 0 0 2 1 0 1

15 20 GRUPO ACS, Madrid, Spain† 2,453.5 14,929.7 NA 0 0 18 0 8 39 33 0 2

16 15 JGC CORP., Yokohama, Japan 2,306.0 3,029.0 3,396.0 0 0 0 0 0 100 0 0 0

17 17 CHINA STATE CONSTRUCTION ENG’G CORP., Beijing, China† 2,124.3 10,271.7 13,957.5 72 1 1 2 0 4 18 0 2

18 19 CONSOLIDATED CONTRACTORS INT’L CO., Athens, Greece† 2,119.8 2,119.8 1,989.1 10 0 0 2 7 66 15 0 0

19 18 SNAMPROGETTI, Milan, Italy† 1,937.0 3,217.0 1,903.0 0 0 0 0 0 99 0 0 0

20 24 KAJIMA CORP., Tokyo, Japan† 1,935.4 13,213.5 15,667.3 57 20 1 3 0 3 14 0 0

21 25 CONSTRUTORA NORBERTO ODEBRECHT, Sao Paulo, Brazil† 1,729.0 2,205.0 2,313.0 6 0 18 11 5 0 55 0 0

22 ** EIFFAGE, Issy les Moulineaux, France† 1,717.0 10,482.0 10,001.0 32 16 10 0 0 8 33 0 1

23 14 FOSTER WHEELER LTD., Clinton, N.J., U.S.A.† 1,671.0 1,942.0 1,639.0 0 0 39 0 0 56 0 3 0

24 26 BALFOUR BEATTY PLC, London, U.K.† 1,661.0 7,633.0 7,295.0 5 0 27 1 3 2 61 0 0

25 ** CEGELEC, Brussels, Belgium† 1,566.0 3,931.0 3,509.0 25 10 11 2 1 24 5 1 13

26 27 PCL CONSTRUCTION ENTERPRISES, Denver, Colo., U.S.A.† 1,480.0 2,321.0 3,172.0 71 0 0 1 0 16 11 0 1

27 28 CHIYODA CORP., Yokohama, Japan 1,469.0 1,992.0 3,429.0 0 0 84 0 0 16 0 0 0

28 34 OBAYASHI CORP., Tokyo, Japan† 1,390.0 12,565.0 11,548.0 18 3 1 11 0 1 66 0 0

29 32 TAISEI CORP., Tokyo, Japan† 1,327.0 13,757.0 14,620.0 27 10 7 21 14 0 17 0 0

30 29 TOYO ENGINEERING CORP., Chiba, Japan 1,304.0 1,640.0 1,448.0 0 3 41 0 0 55 0 0 0

NEW MARKETS (% OF 2004 INT’L REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM INTERNATIONAL TOTAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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August 22/29, 2005 � ENR � 49

HOW TO USE THE TABLES� COMPANIES are ranked according to construction revenue generated outside of eachcompany’s home country in 2004 in U.S. $ millions. Firms not ranked last year are des-ignated **. Some markets may not add up to 100% due to omission of “other” mis-cellaneous market category and rounding. NA=Not available. †=Includes revenue ofsubsidiaries, which now are listed on www.enr.com.� FIGURES Include prime contracts, shares of joint ventures, subcontracts, design-construct contracts and construction management “at-risk” contracts when a firm’srisks are similar to those of a general contractor. Figures also include the value ofinstalled equipment when a firm has prime responsibility for specifying and procuringit within the scope of a construction contract.� GENERAL BUILDING=commercial buildings, offices, stores, educational facilities,government buildings, hospitals, medical facilities, hotels, apartments, housing, etc.� MANUFACTURING=auto assembly, electronic assembly, textile plants.

� POWER=thermal and hydroelectric powerplants, waste-to-energy plants, transmis-sion lines, substations, cogeneration plants, etc.� WATER SUPPLY=dams, reservoirs, transmission pipelines, distribution mains, irriga-tion canals, desalination and drinking water treatment plants, pumping stations, etc.� SEWERAGE/SOLID WASTE=sanitary and storm sewers, treatment plants, pumpingplants, incinerators, industrial waste facilities, etc.� INDUSTRIAL PROCESS=pulp and paper mills, steel mills, nonferrous metal refineries,pharmaceutical plants, chemical plants, food and other processing plants, etc.� PETROLEUM=refineries, petrochemical plants, offshore facilities, pipelines, etc.� TRANSPORTATION=airports, bridges, roads, canals, locks, dredging, marine facilities,piers, railroads, tunnels, etc.� HAZARDOUS WASTE=chemical and nuclear waste treatment, asbestos and leadabatement, etc.

� TELECOMMUNICATIONS=Transmission lines & cabling, towers & antennae, Webhotels, etc.

31 23 HYUNDAI ENGINEERING & CONSTR. CO., Seoul, S. Korea 1,287.1 4,224.8 6,312.0 18 0 16 0 0 54 12 0 0

32 30 JACOBS, Pasadena, Calif., U.S.A. 1,198.0 2,565.8 6,242.0 0 5 3 0 0 73 15 3 0

33 33 IMPREGILO SPA, Milan, Italy† 1,175.0 3,763.0 4,930.0 0 0 0 46 5 0 37 0 0

34 21 AKER KVAERNER ASA, Lysaker, Norway† 1,154.1 1,640.9 1,008.8 0 0 22 0 0 77 0 0 0

35 22 TECHINT GROUP, Milan, Italy† 1,042.0 1,213.0 781.0 1 7 15 2 0 75 0 0 0

36 40 TAKENAKA CORP., Osaka, Japan† 1,001.0 10,799.0 10,796.0 16 66 0 0 0 0 18 0 0

37 31 JOANNOU & PARASKEVAIDES (OVERSEAS) LTD., Guernsey, U.K.† 967.3 967.3 991.4 34 0 3 2 2 8 51 0 0

38 ** PETROFAC LTD., Jersey, Channel Islands† 964.2 964.2 1,446.6 0 0 0 0 0 100 0 0 0

39 36 CHINA HARBOUR ENGINEERING CO., Beijing, China† 925.2 4,429.7 5,580.3 1 59 0 2 1 0 13 0 0

40 ** TECNIMONT SPA, Milan, Italy† 901.0 965.0 560.0 0 0 0 0 0 100 0 0 0

41 42 CB&I, The Woodlands, Texas, U.S.A.† 900.0 1,897.0 2,614.0 0 0 2 1 0 94 0 0 0

42 35 SHIMIZU CORP., Tokyo, Japan† 846.5 12,596.8 12,574.3 44 34 0 3 2 12 5 0 0

43 38 OBRASCON HUARTE LAIN SA (OHL SA), Madrid, Spain† 825.2 2,774.2 3,281.5 2 0 0 0 0 0 74 0 0

44 39 FCC, FOMENTO DE CONSTR. Y CONTRATAS, Madrid, Spain† 794.8 7,359.1 8,829.9 26 0 0 10 12 0 51 0 0

45 86 WASHINGTON GROUP INT’L, Boise, Idaho, U.S.A.† 768.0 2,771.9 2,671.9 14 1 62 3 0 2 0 13 0

46 44 LEIGHTON HOLDINGS LTD., St. Leonards, NSW, Australia† 759.0 4,622.0 NA 15 0 2 0 3 0 45 0 5

47 37 CHINA NATIONAL MACHINERY & EQUIP. CORP., Beijing, China† 708.0 1,138.0 1,792.0 5 2 5 21 19 15 20 10 3

48 48 CHINA RAILWAY ENGINEERING CORP., Beijing, China† 678.6 11,612.6 16,881.0 25 0 0 0 0 0 47 0 0

49 47 ASTALDI SPA, Rome, Italy† 670.2 1,347.6 2,169.8 1 0 0 10 14 6 70 0 0

50 41 TAIKISHA LTD., Tokyo, Japan† 629.8 1,846.2 1,884.9 0 99 0 0 0 1 0 0 0

51 51 BESIX SA, Brussels, Belgium† 627.0 1,167.8 1,860.5 52 0 2 0 1 15 29 0 0

52 53 ENKA CONSTRUCTION & INDUSTRY CO. INC., Istanbul, Turkey† 614.2 760.6 1,926.7 48 0 3 2 0 22 26 0 0

53 60 SAMSUNG ENGINEERING CO. LTD., Seoul, S. Korea† 603.0 1,586.0 1,034.0 1 14 0 0 0 85 0 0 0

54 49 VEIDEKKE ASA, Oslo, Norway† 599.9 1,617.9 1,087.0 80 1 1 0 0 1 17 0 0

55 59 NISHIMATSU CONSTRUCTION CO. LTD., Tokyo, Japan 563.9 4,029.8 4,114.7 13 10 0 6 0 0 71 0 0

56 52 SOLETANCHE BACHY, Nanterre, France† 548.0 926.0 851.0 13 3 22 11 9 2 39 1 0

57 55 TECNICAS REUNIDAS SA, Madrid, Spain† 547.0 781.0 800.0 0 0 5 0 0 95 0 0 0

58 54 CHINA PETROLEUM ENG’G & CONSTR. CORP., Beijing, China† 500.2 500.2 670.7 0 0 0 0 0 100 0 0 0

59 58 CENTEX, Dallas, Texas, U.S.A.† 452.1 10,670.1 12,714.9 100 0 0 0 0 0 0 0 0

60 ** SAMSUNG CORP., Sungnam-si, S. Korea 443.0 3,911.1 453.0 23 8 9 1 2 3 35 0 0

NEW MARKETS (% OF 2004 INT’L REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM INTERNATIONAL TOTAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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50 � ENR � August 22/29, 2005

Top 225�

The Top 225 International Contractors

61 43 ABB LUMMUS GLOBAL, Bloomfield, N.J., U.S.A.† 441.1 450.0 1,222.8 0 0 0 0 0 100 0 0 0

62 45 GRINAKER-LTA LTD., Kempton Park, South Africa 439.8 1,128.0 1,128.0 17 3 6 4 0 11 10 0 0

63 68 ORASCOM CONSTRUCTION INDUSTRIES, Cairo, Egypt† 436.0 642.2 1,094.0 45 0 5 0 3 31 12 0 3

64 69 GAMA, Ankara, Turkey† 435.4 538.9 742.9 12 0 30 1 0 44 12 0 0

65 46 DAEWOO E&C CO. LTD., Seoul, S. Korea† 434.4 4,217.5 5,357.8 11 0 7 8 0 61 14 0 0

66 ** WORLEYPARSONS, North Sydney, NSW, Australia† 418.1 469.3 47.4 2 0 19 0 0 78 0 0 0

67 57 NECSO ENTRECANALES CUBIERTAS SA, Madrid, Spain 397.0 3,555.0 4,737.0 11 0 8 5 2 0 74 0 0

68 50 SHANGHAI CONSTR. (GROUP) GENERAL CO., Shanghai, China 381.2 3,810.8 3,683.2 74 13 0 0 0 1 13 0 0

69 63 CHINA CIVIL ENGINEERING CONSTR. CORP., Beijing, China† 379.7 407.8 381.8 32 2 0 1 2 0 58 0 5

70 64 TRACTEBEL ENGINEERING, Brussels, Belgium† 374.6 403.4 NA 2 0 98 0 0 0 0 0 0

71 88 RIZZANI DE ECCHER SPA, Udine, Italy† 373.2 522.1 369.1 35 0 0 0 0 0 65 0 0

72 ** EARTH TECH INC., Long Beach, Calif., U.S.A. 373.0 630.0 696.0 14 0 0 26 54 0 0 5 0

73 67 PENTA-OCEAN CONSTRUCTION CO. LTD., Tokyo, Japan 367.1 3,064.5 3,156.5 33 0 0 4 4 2 58 0 0

74 70 ED. ZUBLIN AG, Stuttgart, Germany† 360.0 1,950.0 2,020.0 33 0 8 25 8 17 0 0 0

75 76 E. PIHL & SON AS, Kgs. Lyngby, Denmark† 353.8 693.1 846.3 8 9 7 0 0 30 46 0 0

76 100 MAEDA CORP., Tokyo, Japan† 340.0 4,116.0 3,625.0 4 3 0 0 0 0 93 0 0

77 79 PERINI CORP., Framingham, Mass., U.S.A.† 336.0 1,842.0 1,327.0 25 0 74 0 0 0 1 0 0

78 66 THE SHAW GROUP INC., Baton Rouge, La., U.S.A.† 322.9 2,108.5 2,466.5 22 0 24 0 0 33 7 0 14

79 87 SKE GROUP, Mannheim, Germany† 308.0 348.0 520.0 91 0 0 5 0 0 0 0 5

80 61 KIEWIT CORP., Omaha, Neb., U.S.A.† 305.8 3,236.3 2,540.5 0 0 8 7 0 27 33 0 0

81 81 SINOHYDRO CORP., Beijing, China† 303.2 2,989.9 4,639.2 0 4 73 11 0 0 12 0 0

82 75 CONSTRUTORA ANDRADE GUTIERREZ SA, Sao Paulo, Brazil† 300.3 643.9 262.5 5 0 0 12 2 0 81 0 0

83 56 KUMAGAI GUMI CO. LTD., Tokyo, Japan† 299.0 2,542.0 2,148.0 44 18 1 5 3 0 28 0 0

84 71 CHINA ROAD & BRIDGE CORP., Beijing, China† 290.6 2,990.7 4,044.3 0 0 0 4 0 3 93 0 0

85 84 NATIONAL PETROLEUM CONSTRUCTION CO., Abu Dhabi, U.A.E. 289.8 564.0 570.2 0 0 0 0 0 100 0 0 0

86 82 BAUER SPEZIALTIEFBAU GMBH, Schrobenhausen, Germany† 286.5 540.8 264.2 29 1 15 13 0 18 16 0 3

87 80 ARABIAN CONSTRUCTION CO., Beirut, Lebanon† 265.6 321.1 907.2 53 0 13 0 0 0 0 0 0

88 92 THE ARAB CONTRACTORS (O.A.O & CO.), Cairo, Egypt† 261.2 1,341.5 1,389.0 50 0 3 11 13 0 23 0 0

89 77 SOLEL BONEH INTERNATIONAL LTD., Ramat-Gan, Israel† 259.2 259.2 276.8 11 0 1 23 0 0 66 0 0

90 120 CTCI CORP., Taipei, Taiwan† 252.4 524.9 738.2 0 1 0 0 2 97 0 0 0

91 94 SOARES DA COSTA - GRUPO SGPS, Porto, Portugal† 250.9 656.1 502.0 98 0 0 0 0 0 2 0 0

92 95 TEKFEN CONSTRUCTION & INSTALLATION CO., Istanbul, Turkey† 249.0 593.0 506.0 0 0 0 0 0 100 0 0 0

93 121 QUATTROGEMINI LTD., Espoo, Finland† 234.7 251.3 277.7 14 0 0 0 0 86 0 0 0

94 131 CH2M HILL COS. LTD., Denver, Colo., U.S.A.† 226.5 709.4 NA 17 33 6 2 11 14 6 4 8

95 ** CLOUGH LTD., Perth, WA, Australia† 225.0 548.8 266.9 8 0 2 0 0 73 2 0 2

96 83 HAZAMA CORP., Tokyo, Japan 219.0 1,910.0 1,711.0 5 28 7 25 1 12 21 0 0

97 91 BLACK & VEATCH, Overland Park, Kan., U.S.A. 217.9 517.7 1,493.4 2 0 42 15 24 12 2 0 0

98 62 SUMITOMO MITSUI CONSTRUCTION CO. LTD., Tokyo, Japan† 207.0 4,329.0 4,329.0 36 2 5 4 0 15 39 0 0

99 93 SADE - CGTH, Paris, France† 206.5 1,276.5 194.9 0 0 0 65 35 0 0 0 0

100 146 ALARKO CONTRACTING GROUP, Gebze-Kocaeli, Turkey 201.5 243.2 127.1 0 0 8 0 0 6 86 0 0

101 98 CHINA METALLURGICAL CONSTR. (GRP.) CORP., Beijing, China† 197.0 6,003.0 7,973.0 6 24 0 2 2 18 12 0 0

102 112 CHINA NATIONAL CHEMICAL ENG’G CORP., Beijing, China† 192.0 1,042.0 1,462.0 5 0 40 0 0 43 0 0 0

103 97 CHINA INT’L WATER & ELECTRIC CORP. (CWE), Beijing, China† 190.2 274.7 568.3 12 2 41 36 4 0 6 0 0

104 ** SK ENGINEERING & CONSTRUCTION CO., Seoul, S. Korea 189.3 2,181.1 2,778.7 0 0 0 0 0 100 0 0 0

105 99 SHANDONG ELECTRIC POWER CONSTR., Jinan City, China† 188.4 935.9 1,298.1 0 0 100 0 0 0 0 0 0

106 106 GHELLA SPA, Rome, Italy† 177.4 247.6 205.1 0 0 11 0 0 0 89 0 0

107 89 STRUCTURE TONE INC., New York, N.Y., U.S.A.† 175.0 2,070.0 2,198.0 77 0 0 0 0 0 0 0 23

108 72 HEEREMA FABRICATION GROUP, Zwyndrecht, The Netherlands† 172.0 234.0 464.0 0 0 0 0 0 100 0 0 0

109 90 KINDEN CORP., Osaka, Japan† 172.0 3,756.0 3,650.0 40 35 8 0 0 17 0 0 0

110 101 CONTRACTING AND TRADING “C.A.T.” COS., Beirut, Lebanon† 155.4 189.5 275.0 8 0 0 0 0 35 57 0 0

NEW MARKETS (% OF 2004 INT’L REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM INTERNATIONAL TOTAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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August 22/29, 2005 � ENR � 51

The Top 225 International Contractors

111 ** MORGANTI GROUP INC., Danbury, Conn., U.S.A. 153.0 211.8 126.7 43 0 0 21 35 0 0 0 0

112 85 PARSONS, Pasadena, Calif., U.S.A.† 144.0 832.1 1,629.0 31 0 0 9 12 27 0 21 0

113 ** NUROL CONSTRUCTION AND TRADING CO., Ankara, Turkey† 140.0 363.5 1,130.0 19 56 0 2 0 8 8 0 0

114 104 C.M.C. DI RAVENNA, Ravenna, Italy† 136.5 583.4 561.9 21 0 0 32 19 0 28 0 0

115 78 MCCONNELL DOWELL CORP., Burwood East, Vic., Australia† 132.2 302.6 269.3 0 0 11 0 15 31 16 0 28

116 105 CHINA WANBAO ENGINEERING CORP., Beijing, China 130.5 130.5 182.0 0 35 2 0 0 0 56 0 0

117 96 AECON GROUP INC., Toronto, Ontario, Canada† 130.1 788.1 788.0 40 5 33 0 0 0 21 0 0

118 116 KHARAFI NATIONAL, Safat, Kuwait† 128.0 389.0 389.0 48 0 0 0 0 45 0 0 5

119 113 SALINI COSTRUTTORI SPA, Rome, Italy† 127.9 218.7 761.3 6 0 0 86 0 0 8 0 0

120 115 PREZIOSO, St. Clair Du Rhone, France† 119.5 219.5 110.0 4 0 1 2 0 93 0 0 0

121 110 ZHEJIANG CONSTR. INVESTMENT GROUP CO., Hangzhou, China† 118.8 1,909.1 2,213.1 82 0 0 0 11 7 0 0 0

122 133 STFA CONSTRUCTION GROUP, Istanbul, Turkey 113.7 128.3 98.3 25 0 12 0 8 0 56 0 0

123 109 CHINA JIANGSU INT’L ECON-TECH. COOP., Nanjing, China† 110.1 170.6 248.2 79 0 3 0 15 3 1 0 0

124 107 WALBRIDGE ALDINGER, Detroit, Mich., U.S.A.† 100.0 1,003.0 1,089.0 34 66 0 0 0 0 0 0 0

125 129 HEBERGER BAU GMBH, Schifferstadt, Germany† 97.9 329.2 176.6 100 0 0 0 0 0 0 0 0

126 135 CHINA NATIONAL OVERSEAS ENG’G CORP., Beijing, China† 97.5 100.6 197.9 36 8 0 0 0 0 29 0 0

127 128 GRANIT CONSTRUCTION STOCK CO., Skopje, FYR Macedonia 96.4 198.4 83.5 6 0 0 0 0 0 94 0 0

128 ** GRAHAM GROUP LTD., Calgary, Alberta, Canada† 95.0 392.3 NA 89 0 0 0 0 0 11 0 0

129 143 EBARA CORP., Tokyo, Japan† 94.5 1,048.1 797.2 0 0 0 0 96 0 0 4 0

130 ** INSITUFORM TECHNOLOGIES INC., Chesterfield, Mo., U.S.A. 94.0 531.0 596.0 0 0 0 0 86 14 0 0 0

131 ** CHINA NAT’L MACHINERY IMPORT & EXPORT CORP., Beijing, China 92.4 92.4 110.2 0 0 72 0 0 2 2 0 0

132 102 DICK CORP., Pittsburgh, Pa., U.S.A.† 92.0 806.0 578.0 60 0 0 27 0 0 13 0 0

133 149 ITALIAN-THAI DEVELOPMENT PCL, Bangkok, Thailand† 92.0 657.0 543.0 10 0 0 15 0 0 67 0 0

134 189 WESTON SOLUTIONS INC., West Chester, Pa., U.S.A.† 89.9 208.1 339.0 100 0 0 0 0 0 0 0 0

135 ** YAPI MERKEZI INSAAT VE SANAYI AS, Istanbul, Turkey† 88.3 120.2 155.9 0 0 0 0 0 6 94 0 0

136 134 SUMMA TURIZM YATIRIMCILIGI AS, Ankara, Turkey† 87.6 87.6 43.0 100 0 0 0 0 0 0 0 0

137 126 B.L. HARBERT INTERNATIONAL, Birmingham, Ala., U.S.A. 87.0 292.0 504.0 79 0 0 0 0 21 0 0 0

138 127 TODA CORP., Tokyo, Japan† 84.0 4,454.0 4,227.0 50 40 0 0 0 10 0 0 0

139 117 HARBIN POWER ENGINEERING CO. LTD., Harbin, China 82.1 147.8 153.3 0 0 100 0 0 0 0 0 0

140 ** SOCIETA ITALIANA PER CONDOTTE D’ACQUA SPA, Rome, Italy† 81.2 944.0 1,645.1 0 0 0 49 0 0 51 0 0

141 169 CADDELL CONSTRUCTION, Montgomery, Ala., U.S.A. 80.1 231.6 451.6 100 0 0 0 0 0 0 0 0

142 124 CHINA WU YI CORP. LTD., Fuzhou, China† 79.5 183.1 194.0 97 0 0 0 0 0 3 0 0

143 167 DOGUS INSAAT VE TICARET AS, Istanbul, Turkey 77.0 144.9 100.0 0 0 0 0 0 0 100 0 0

144 119 ALBERICI CORP., St. Louis, Mo., U.S.A.† 75.7 586.6 1,468.1 12 66 0 9 2 3 5 0 0

145 125 INTECSA UHDE INDUSTRIAL SA, Madrid, Spain 75.1 90.4 118.7 0 0 0 0 0 100 0 0 0

146 ** GUANGDONG XINGUANG INT’L GROUP, Guangzhou, China† 73.9 611.4 478.1 18 76 0 0 0 0 6 0 0

147 ** DESCON ENGINEERING LTD., Lahore, Pakistan 73.8 132.0 217.0 0 0 0 0 0 100 0 0 0

148 139 VECO CORP., Anchorage, Alaska, U.S.A.† 69.2 143.5 188.0 0 0 0 0 0 100 0 0 0

149 138 CHINA SHANGHAI SFECO, Shanghai, China† 68.2 95.0 160.2 30 0 16 0 4 11 39 0 0

150 180 CHINA NONFERROUS METAL IND. FRGN. ENG’G & CONST., Beijing, China 67.5 67.5 NA 0 0 0 0 0 100 0 0 0

151 147 HANJIN HEAVY INDUSTRIES & CONSTR. CO., Seoul, S. Korea 65.0 985.0 1,671.0 8 0 0 9 0 0 83 0 0

152 132 TUTOR-SALIBA CORP., Sylmar, Calif., U.S.A.† 63.0 564.0 642.0 62 0 0 0 0 0 38 0 0

153 137 GREAT LAKES DREDGE & DOCK CORP., Oak Brook, Ill., U.S.A.† 62.9 350.9 383.8 0 0 0 0 0 0 100 0 0

154 182 CHINA GEZHOUBA CONSTRUCTION CO., Yichang City, China† 59.4 932.2 1,052.2 0 0 29 62 0 0 8 0 0

155 114 ENERGOPROJEKT GROUP, Belgrade, Serbia & Montenegro† 57.4 121.2 195.2 58 0 34 0 0 1 7 0 0

156 142 CHINA CAMC ENGINEERING CO. LTD., Beijing, China 57.4 57.4 36.4 0 0 0 39 0 13 48 0 0

157 212 BENNETT CONSTRUCTION, Dublin, Ireland 56.0 310.0 566.0 100 0 0 0 0 0 0 0 0

158 156 CHINA NAT’L COMPLETE PLANT IMP. & EXP. CORP., Beijing, China† 55.7 55.7 51.0 41 54 1 1 0 0 1 0 0

159 ** KULLMAN INDUSTRIES, Lebanon, N.J., U.S.A. 55.3 87.7 49.0 100 0 0 0 0 0 0 0 0

160 154 TORCON INC., Westfield, N.J., U.S.A. 55.0 418.0 458.0 0 0 0 0 0 100 0 0 0

NEW MARKETS (% OF 2004 INT’L REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM INTERNATIONAL TOTAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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52 � ENR � August 22/29, 2005

Top 225�

The Top 225 International Contractors

161 160 CHINA HENAN INT’L COOPERATION GRP. CO., Zhengzhou, China† 55.0 55.0 103.8 0 0 12 11 8 0 67 0 0

162 162 HAZINEDAROGLU CONSTRUCTION GROUP, Istanbul, Turkey† 52.7 77.2 65.7 90 0 0 0 0 0 10 0 0

163 158 THE FACILITY GROUP, Smyrna, Ga., U.S.A.† 48.9 210.0 259.4 100 0 0 0 0 0 0 0 0

164 150 TURNER INDUSTRIES GROUP LLC, Baton Rouge, La., U.S.A.† 48.8 823.1 186.2 0 0 0 0 0 100 0 0 0

165 171 GLAVBOLGARSTROY AD, Sofia, Bulgaria† 48.8 102.6 170.0 95 0 0 5 0 0 0 0 0

166 ** HINDUSTAN CONSTRUCTION CO. LTD., Mumbai, India 48.6 358.5 569.9 0 0 100 0 0 0 0 0 0

167 108 CHINA RAILWAY CONSTRUCTION CORP., Beijing, China† 48.3 10,493.2 17,668.9 26 0 0 15 0 0 57 0 2

168 ** GRANDI LAVORI FINCOSIT SPA, Rome, Italy 48.3 554.6 395.4 0 0 0 0 0 0 100 0 0

169 144 BIRD CONSTRUCTION CO. LTD., Etobicoke, Ontario, Canada† 48.0 343.0 304.0 100 0 0 0 0 0 0 0 0

170 179 SOYAK CO., Istanbul, Turkey† 47.7 347.8 324.5 42 58 0 0 0 0 0 0 0

171 ** CHINA ZHONGYUAN ENGINEERING CORP., Beijing, China 47.7 70.4 606.3 13 0 0 0 0 0 4 0 0

172 130 SEI ENGINEERING INC., Beijing, China† 46.5 361.7 825.4 0 0 0 0 0 100 0 0 0

173 152 CHINA HUANQIU CONTRACTING & ENG’G CORP., Beijing, China† 45.1 69.6 276.0 0 2 0 0 0 98 0 0 0

174 165 ARB INC., Lake Forest, Calif., U.S.A. 42.0 387.0 390.0 0 0 71 0 0 29 0 0 0

175 145 SSANGYONG ENGINEERING & CONSTR. CO., Seoul, S. Korea† 41.0 1,171.0 1,080.0 56 0 0 0 0 0 44 0 0

176 ** BEIJING MUNICIPAL ENGINEERING GROUP CO., Beijing, China† 40.6 689.1 896.0 0 0 0 25 55 0 20 0 0

177 159 MWH, Broomfield, Colo., U.S.A.† 39.5 247.0 440.0 0 0 0 26 71 0 0 3 0

178 140 AMERICAN BRIDGE CO., Coraopolis, Pa., U.S.A.† 38.8 294.4 95.0 31 0 0 0 0 0 69 0 0

179 178 BAYTUR CONSTRUCTION AND CONTRACTING CO., Istanbul, Turkey 38.2 78.4 382.4 100 0 0 0 0 0 0 0 0

180 184 DAY & ZIMMERMANN GROUP, Philadelphia, Pa., U.S.A.† 38.0 579.0 558.0 71 0 18 0 0 11 0 0 0

181 200 BEIJING CONSTRUCTION ENG’G GROUP CO., Beijing, China† 37.9 2,224.5 1,995.2 84 0 0 0 0 2 12 0 0

182 157 WILLIAM A. BERRY & SON INC., Danvers, Mass., U.S.A. 37.9 239.4 458.3 100 0 0 0 0 0 0 0 0

183 163 BEIJING UNI-CONSTRUCTION GROUP CO. LTD., Beijing, China† 37.0 1,093.8 546.5 97 0 0 3 0 0 0 0 0

184 173 TRANSTECH ENGINEERING CORP., Chengdu, China 36.4 46.6 94.3 2 0 0 0 0 0 98 0 0

185 210 HENSEL PHELPS CONSTRUCTION CO., Greeley, Colo., U.S.A.† 35.9 2,041.1 1,834.6 100 0 0 0 0 0 0 0 0

186 204 ZACHRY CONSTRUCTION CORP., San Antonio, Texas, U.S.A. 35.8 966.0 1,238.2 100 0 0 0 0 0 0 0 0

187 164 CHINA NATIONAL ELECTRIC EQUIPMENT CO., Beijing, China 35.5 63.3 92.5 0 0 82 0 0 0 18 0 0

188 ** INDUSTRIAL DEV’T & RENOVATION ORG. OF IRAN, Tehran, Iran† 34.9 524.6 1,594.6 4 1 15 0 0 80 0 0 0

189 186 TSO, Chelles, France† 34.7 132.4 213.0 0 0 0 0 0 0 100 0 0

190 172 CHINA PETROLEUM PIPELINE ENG’G, Lang Fang City, China† 33.6 48.6 164.7 0 0 0 0 0 100 0 0 0

191 161 THE AUSTIN CO., Cleveland, Ohio, U.S.A.† 30.5 257.3 194.6 0 0 0 0 0 100 0 0 0

192 181 MANHATTAN CONSTRUCTION CO., Tulsa, Okla., U.S.A.† 30.0 860.4 1,074.0 100 0 0 0 0 0 0 0 0

193 176 THE BECK GROUP, Dallas, Texas, U.S.A. 28.2 658.7 526.2 100 0 0 0 0 0 0 0 0

194 155 GRAYCOR, Homewood, Ill., U.S.A.† 27.0 330.0 387.0 0 100 0 0 0 0 0 0 0

195 ** CHINA CHONGQING INT’L CONSTRUCTION, Chongqing, China† 26.9 67.0 92.7 0 0 0 0 0 0 100 0 0

196 185 CHINA JIANGSU CONSTRUCTION GROUP CORP., Nanjing, China† 24.8 140.4 NA 100 0 0 0 0 0 0 0 0

197 122 TIC HOLDINGS INC., Steamboat Springs, Colo., U.S.A.† 24.5 1,100.1 993.1 0 2 21 0 0 77 0 0 0

198 187 CHINA JIANGXI CORP. FOR INT’L ECO. & TECH., Nanchang, China† 24.3 30.4 59.4 59 0 1 37 0 0 0 0 0

199 151 BE&K INC., Birmingham, Ala., U.S.A.† 23.8 758.6 1,200.0 0 0 0 0 0 100 0 0 0

200 211 LEASE CRUTCHER LEWIS, Seattle, Wash., U.S.A. 23.7 203.4 300.0 100 0 0 0 0 0 0 0 0

201 ** CHINA ELECTRIC POWER TECH. IMPORT & EXPORT, Beijing, China† 22.6 42.2 NA 0 0 6 69 9 0 8 0 0

202 183 LIMAK CONSTRUCTION INDUSTRY & TRADE INC., Ankara, Turkey 22.5 169.3 69.8 0 0 0 0 0 0 100 0 0

203 ** CONSTRUCOES E COMERCIO CAMARGO CORREA, Sao Paulo, Brazil 21.4 441.2 615.2 0 0 0 0 0 0 100 0 0

204 201 POMERLEAU, Longueuil, Quebec, Canada 21.2 483.0 311.0 100 0 0 0 0 0 0 0 0

205 197 TETRA TECH INC., Pasadena, Calif., U.S.A. 21.0 89.0 144.0 0 0 0 0 0 0 0 0 100

206 ** OPCA SA, Lisbon, Portugal 20.0 349.0 113.8 20 0 0 0 0 0 80 0 0

207 175 CCC GROUP INC., San Antonio, Texas, U.S.A. 19.9 206.8 145.0 0 0 0 0 0 90 0 0 0

208 193 CHINA LIAONING INT’L ECO. & TECH. COOP., Shenyang, China† 17.7 28.0 18.6 13 0 73 0 0 0 0 0 0

209 199 CHINA SHENYANG INT’L ECO. & TECH. COOP., Shenyang, China 17.1 30.4 60.5 68 0 0 9 6 0 16 0 0

210 221 XINJIANG BEIXIN CONSTR. & ENG’G CO. LTD., Urumqi, China 16.9 352.7 366.3 1 0 73 0 0 0 26 0 0

NEW MARKETS (% OF 2004 INT’L REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM INTERNATIONAL TOTAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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August 22/29, 2005 � ENR � 53

The Top 225 International Contractors NEW MARKETS (% OF 2004 INT’L REVENUE)

RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-2005 2004 FIRM INTERNATIONAL TOTAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

211 196 SANTOS CMI CONSTRUCTION INC., Quito, Ecuador† 15.9 29.1 17.5 0 0 90 0 0 10 0 0 0

212 202 BEIJING URBAN CONSTRUCTION GROUP CO., Beijing, China† 15.1 1,685.9 2,743.9 29 0 0 0 0 0 71 0 0

213 174 SICHUAN ELECTRIC POWER IMP. & EXP. CORP., Chengdu, China† 14.6 14.6 14.1 0 0 100 0 0 0 0 0 0

214 208 ORION MARINE GROUP, Houston, Texas, U.S.A.† 14.3 131.2 120.8 0 0 0 0 0 0 100 0 0

215 188 CHINA SICHUAN INT’L COOPERATION CO. LTD., Chengdu, China 13.5 13.5 29.3 0 0 0 0 0 0 100 0 0

216 194 DAEWOO ENGINEERING CO., Seongnam City, S. Korea 13.5 175.3 237.0 0 36 3 1 0 61 0 0 0

217 225 HITT CONTRACTING INC., Fairfax, Va., U.S.A. 13.3 600.0 480.0 100 0 0 0 0 0 0 0 0

218 ** LONG JIAN ROAD & BRIDGE LTD. CO., Harbin, China† 13.1 281.1 281.1 100 0 0 0 0 0 0 0 0

219 168 ICOM ENGINEERING SPA, Padova, Italy 12.7 53.5 31.6 14 0 0 0 0 86 0 0 0

220 ** TML CONSTRUCTION CO., Istanbul, Turkey† 10.4 12.7 35.0 22 0 0 22 0 35 11 0 0

221 ** CHINA CHONGQING INT’L CORP. FOR ECO. & TECH., Chongqing, China† 10.4 10.4 18.5 29 0 0 4 0 0 0 0 0

222 207 NOVA GROUP INC., Napa, Calif., U.S.A. 10.0 50.0 107.0 0 0 0 0 0 0 100 0 0

223 ** MICHELS CORP., Brownsville, Wis., U.S.A.† 9.2 398.3 398.3 0 0 0 0 0 0 0 0 0

224 205 WHARTON-SMITH INC., Lake Monroe, Fla., U.S.A.† 8.5 129.3 213.5 0 0 0 0 100 0 0 0 0

225 217 CONESTOGA-RIVERS & ASSOCIATES, Niagara Falls, N.Y., U.S.A.† 7.5 20.5 17.0 0 0 0 0 0 0 0 100 0

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CYAN MAGENTA YELLOW BLACK

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Top 225 Directory�

FIRM RANK FIRM RANK FIRM RANK FIRM RANK

Where To Find The Top 225 International Contractors

AABB Lummus Global 61Grupo ACS 15Aecon Group Inc. 117Aker Kvaerner ASA 34Alberici Corp. 144Alarko Contracting Group 100AMEC plc 13American Bridge Co. 178The Arab Contractors (O.A.O & Co.) 88Arabian Construction Co. 87ARB Inc. 174Astaldi SpA 49The Austin Co. 191

BBalfour Beatty plc 24Royal BAM Groep nv 9Bauer Spezialtiefbau GmbH 86Baytur Construction and Contracting

Co. 179BE&K Inc. 199Bechtel 5The Beck Group 193Beijing Construction Eng’g Group Co. 181Beijing Municipal Engineering Group

Co. 176Beijing Uni-Construction Group

Co. Ltd. 183Beijing Urban Construction Group

Co. 212Bennett Construction 157William A. Berry & Son Inc. 182BESIX SA 51Bilfinger Berger AG 10Bird Construction Co. Ltd. 169Black & Veatch 97BOUYGUES 6Bovis Lend Lease 14

CCaddell Construction 141Construcoes e Comercio Camargo

Correa 203CB&I 41CCC Group Inc. 207CEGELEC 25Centex 59CH2M Hill Cos. Ltd. 94China CAMC Engineering Co. Ltd. 156China Chongqing Int’l Construction 195China Chongqing Int’l Corp. for

Eco. & Tech. Coop. 221China Civil Engineering Constr. Corp. 69China Electric Power Tech. Import &

Export 201China Gezhouba Construction Co. 154China Harbour Engineering Co. 39China Henan Int’l Cooperation

Group Co. 161China HuanQiu Contracting & Eng’g

Corp. 173China Int’l Water & Electric

Corp. (CWE) 103China Jiangsu Construction Group

Corp. 196China Jiangsu Int’l Econ.-Tech. Coop. 123China Jiangxi Corp. For Int’l Eco. &

Tech. 198China Liaoning Int’l Eco. & Tech.

Coop. 208

China Metallurgical Constr. (Grp.) Corp. 101

China National Chemical Eng’g Corp. 102

China National Electric Equipment Co. 187

China National Machinery & Eqpt.Corp. 47

China National Overseas Eng’g Corp. 126

China Nat’l Complete Plant Imp. & Exp. Corp. 158

China Nat’l Machinery Import & Export Corp. 131

China Nonferrous Metal Ind. Foreign Eng’g & Const. 150

China Petroleum Eng’g & Constr.Corp. 58

China Petroleum Pipeline Eng’g 190China Railway Construction Corp. 167China Railway Engineering Corp. 48China Road & Bridge Corp. 84China Shanghai SFECO 149China Shenyang Int’l Eco. & Tech.

Coop. 209China Sichuan Int’l Cooperation

Co. Ltd. 215China State Construction Eng’g Corp. 17China Wanbao Engineering Corp. 116China Wu Yi Corp. Ltd. 142China Zhongyuan Engineering Corp. 171Chiyoda Corp. 27Clough Ltd. 95Societa Italiana Per Condotte

D’Acqua SpA 140Conestoga-Rivers & Associates 225Consolidated Contractors Int’l Co. 18Construtora Andrade Gutierrez SA 82Construtora Norberto Odebrecht 21Contracting And Trading “C.A.T.”

Cos. 110C.M.C. di Ravenna 114CTCI Corp. 90

DEFDaewoo E&C Co. Ltd. 65Daewoo Engineering Co. 216Day & Zimmermann Group 180Descon Engineering Ltd. 147Dick Corp. 132Dogus Insaat Ve Ticaret AS 143Earth Tech Inc. 72Ebara Corp. 129EIFFAGE 22Energoprojekt Group 155Enka Construction & Industry

Co. Inc. 52The Facility Group 163FCC, Fomento de Constr. y Contratas 44Ferrovial 11FIMAG Finanz Industrie Mgmt. AG 8Fluor Corp. 12Foster Wheeler Ltd. 23

GHIGAMA 64Ghella SpA 106Glavbolgarstroy AD 165Graham Group Ltd. 128Grandi Lavori Fincosit SpA 168Granit Construction Stock Co. 127

Graycor 194Great Lakes Dredge & Dock Corp. 153Grinaker-LTA Ltd. 62Guangdong Xinguang Int’l Group 146Hanjin Heavy Ind. & Constr. Co. 151B.L. Harbert International 137Harbin Power Engineering Co. Ltd. 139Hazama Corp. 96Hazinedaroglu Construction Group 162Heberger Bau GmbH 125Heerema Fabrication Group 108Hensel Phelps Construction Co. 185Hindustan Construction Co. Ltd. 166HITT Contracting Inc. 217Hochtief AG 1Hyundai Engineering & Constr. Co. 31ICOM Engineering SpA 219IMPREGILO SpA 33Industrial Dev’t & Renovation

Org. of Iran 188Insituform Technologies Inc. 130Intecsa Uhde Industrial SA 145Italian-Thai Development PCL 133

JKLJacobs 32JGC Corp. 16Joannou & Paraskevaides (Overseas)

Ltd. 37Kajima Corp. 20KBR 3Kharafi National 118Kiewit Corp. 80Kinden Corp. 109Kullman Industries. 159Kumagai Gumi Co. Ltd. 83Lease Crutcher Lewis 200Leighton Holdings Ltd. 46Limak Construction Industry &

Trade Inc. 202Long Jian Road & Bridge Ltd. Co. 218

MNOMaeda Corp. 76Manhattan Construction Co. 192McConnell Dowell Corp. 115Michels Corp. 223Morganti Group Inc. 111MWH 177National Petroleum Construction Co. 85NECSO Entrecanales Cubiertas SA 67Nishimatsu Construction Co. Ltd. 55Nova Group Inc. 222Nurol Construction and Trading Co. 113Obayashi Corp. 28Obrascon Huarte Lain SA (OHL SA) 43OPCA SA 206Orascom Construction Industries 63Orion Marine Group 214

PQRParsons 112PCL Construction Enterprises 26Penta-Ocean Construction Co. Ltd. 73Perini Corp. 77Petrofac Ltd. 38E. Pihl & Son AS 75Pomerleau 204Prezioso 120Quattrogemini Ltd. 93Rizzani de Eccher SpA 71

SSADE - CGTH 99Salini Costruttori SpA 119Samsung Corp. 60Samsung Engineering Co. Ltd. 53Santos CMI Construction Inc. 211SEI Engineering Inc. 172Shandong Electric Power Constr. 105Shanghai Constr. (Group) General Co. 68The Shaw Group Inc. 78Shimizu Corp. 42Sichuan Electric Power Imp. &

Exp. Corp. 213Sinohydro Corp. 81SK Engineering & Construction Co. 104Skanska AB 2SKE Group 79Snamprogetti 19Soares Da Costa - Grupo SGPS 91Solel Boneh International Ltd. 89SOLETANCHE BACHY 56Soyak Co. 170Ssangyong Engineering & Constr.

Co. 175STFA Construction Group 122Structure Tone Inc. 107Sumitomo Mitsui Construction

Co. Ltd. 98Summa Turizm Yatirimciligi AS 136

TTaikisha Ltd. 50Taisei Corp. 29Takenaka Corp. 36Techint Group 35TECHNIP 7Tecnicas Reunidas SA 57Tecnimont SpA 40Tekfen Construction & Installation

Co. 92Tetra Tech Inc. 205TIC Holdings Inc. 197TML Construction Co. 220Toda Corp. 138Torcon Inc. 160Toyo Engineering Corp. 30Tractebel Engineering 70Transtech Engineering Corp. 184TSO 189Turner Industries Group LLC 164Tutor-Saliba Corp. 152

UVWVECO Corp. 148Veidekke ASA 54VINCI 4Walbridge Aldinger 124Washington Group Int’l 45Weston Solutions Inc. 134Wharton-Smith Inc. 224WorleyParsons 66

XYZXinjiang Beixin Constr. & Eng’g

Co. Ltd. 210Yapi Merkezi Insaat ve Sanayi AS 135Zachry Construction Corp. 186Zhejiang Constr. Investment

Group Co. 121Ed. Zublin AG 74

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CYAN MAGENTA YELLOW BLACK

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Top 225�

The Top 225 Global Contractors(Based on Total Firm Contracting Revenue)

The Top GlobalContractors

TLarge construction firms recently have been steadily growing

through diversification in markets and in the services they pro-

vide, and through their appetite for acquisition. This year’s ENR

Top 225 Global Contractors list shows just how big some firms

are getting, with 17 contractors topping the $10-billion revenue

mark. Only 10 firms worked at that level last year. But there are

fears that the construction giants, with their financing and devel-

opment capacity, are more and more able to simply buy volume.

NEW MARKETS (% OF 2004 GLOBAL REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM TOTAL INTERNATIONAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

1 1 VINCI, Rueil-Malmaison, Cedex, France 24,268.0 9,202.0 24,186.0 18 0 7 3 0 3 44 0 6

2 2 BOUYGUES, Saint-Quentin-en-Yvelines, France 20,148.0 7,464.0 21,353.0 33 0 5 1 1 1 57 1 0

3 9 HOCHTIEF AG, Essen, Germany 14,975.3 12,632.0 19,394.3 59 2 1 2 1 4 18 0 3

4 8 GRUPO ACS, Madrid, Spain 14,929.7 2,453.5 NA 19 0 11 3 14 17 35 0 1

5 5 BECHTEL, San Francisco, Calif., U.S.A. 14,424.0 8,105.0 12,855.0 0 1 14 0 1 23 30 25 6

6 3 SKANSKA AB, Solna, Sweden 14,138.3 11,436.3 16,590.0 56 1 4 1 2 8 25 0 1

7 7 TAISEI CORP., Tokyo, Japan 13,757.0 1,327.0 14,620.0 66 9 1 4 3 0 12 0 0

8 6 KAJIMA CORP., Tokyo, Japan 13,213.5 1,935.4 15,667.3 59 11 1 3 3 2 10 0 0

9 4 SHIMIZU CORP., Tokyo, Japan 12,596.8 846.5 12,574.3 60 9 1 1 1 7 8 0 1

10 10 OBAYASHI CORP., Tokyo, Japan 12,565.0 1,390.0 11,548.0 59 8 1 3 3 4 18 1 1

11 14 CHINA RAILWAY ENGINEERING CORP., Beijing, China 11,612.6 678.6 16,881.0 12 5 0 0 0 0 68 0 0

12 17 KBR, Houston, Texas, U.S.A. 10,899.4 9,830.8 2,379.6 6 0 0 0 0 17 0 0 0

13 12 TAKENAKA CORP., Osaka, Japan 10,799.0 1,001.0 10,796.0 73 16 0 0 1 0 6 0 0

14 11 CENTEX, Dallas, Texas, U.S.A. 10,670.1 452.1 12,714.9 99 0 0 0 0 0 1 0 0

15 15 CHINA RAILWAY CONSTRUCTION CORP., Beijing, China 10,493.2 48.3 17,668.9 10 0 3 1 2 0 83 0 0

16 ** EIFFAGE, Issy les Moulineaux, France 10,482.0 1,717.0 10,001.0 35 19 10 0 5 1 28 0 1

17 16 CHINA STATE CONSTRUCTION ENG’G CORP., Beijing, China 10,271.7 2,124.3 13,957.5 76 4 2 1 1 5 9 0 0

18 23 FERROVIAL, Madrid, Spain 9,855.0 3,650.0 NA 41 0 0 10 13 0 35 0 0

19 13 ROYAL BAM GROEP NV, Bunnik, The Netherlands 9,108.0 5,027.0 NA 54 0 0 0 0 0 46 0 0

20 20 FIMAG FINANZ INDUSTRIE MGMT. AG, Spittal/Drau, Austria 8,131.3 5,993.4 9,198.2 31 0 0 1 5 6 43 0 0

21 24 BALFOUR BEATTY PLC, London, U.K. 7,633.0 1,661.0 7,295.0 35 0 11 3 2 1 42 0 0

22 22 BILFINGER BERGER AG, Mannheim, Germany 7,602.0 4,915.0 7,636.0 39 0 2 0 4 18 37 0 0

23 18 FCC, FOMENTO DE CONSTR. Y CONTRATAS, Madrid, Spain 7,359.1 794.8 8,829.9 34 0 3 5 7 3 46 0 2

24 19 FLUOR CORP., Aliso Viejo, Calif., U.S.A. 6,906.6 3,635.6 13,028.6 18 4 9 0 0 49 6 13 0

25 25 TECHNIP, Paris La Defense Cedex, France 6,484.0 6,377.0 6,966.0 0 0 1 0 0 99 0 0 0

26 21 AMEC PLC, London, U.K. 6,005.0 3,219.0 2,044.0 28 3 3 2 0 28 27 2 8

27 28 CHINA METALLURGICAL CONSTR. CORP., Beijing, China 6,003.0 197.0 7,973.0 13 4 1 0 1 74 3 0 0

28 30 BOVIS LEND LEASE, Harrow, Middlesex, U.K. 5,088.0 3,204.0 6,995.0 37 0 0 0 0 1 3 0 2

29 34 LEIGHTON HOLDINGS LTD., St. Leonards, NSW, Australia 4,622.0 759.0 NA 18 0 1 0 4 4 34 0 5

30 27 TODA CORP., Tokyo, Japan 4,454.0 84.0 4,227.0 74 3 1 4 3 6 8 0 0

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enr.com August 22/29, 2005 � ENR � 59

HOW TO USE THE TABLES� COMPANIES are ranked on the Top Global Contractors list by their total 2004 con-struction contracting revenue, both at home and abroad. This differs from the TopInternational Contractors ranking (pp. 48-51, 54-55), which ranks firms based only onrevenue from projects outside of their home countries. Revenue is in U.S. $ millions.Firms not ranked last year are designated **. Markets may not add up to 100% due toomission of “other” miscellaneous market category and rounding.� FIGURES: Includes prime contracts, shares of joint ventures, subcontracts, design-construct contracts and construction management “at-risk” contracts when a firm’srisks are similar to those of a general contractor. Figures also include the value ofinstalled equipment when a firm has prime responsibility for specifying and procuringit within the scope of a construction contract.� GENERAL BUILDING=commercial buildings, offices, stores, educational facilities,government buildings, hospitals, medical facilities, hotels, apartments, housing, etc.� MANUFACTURING=auto assembly, electronic assembly, textile plants, etc.

� POWER=thermal and hydroelectric powerplants, waste-to-energy plants, transmis-sion lines, substations, cogeneration plants, etc.� WATER SUPPLY=dams, reservoirs, transmission pipelines, distribution mains, irriga-tion canals, desalination and drinking water treatment plants, pumping stations, etc.� SEWERAGE/SOLID WASTE=sanitary and storm sewers, treatment plants, pumpingplants, incinerators, industrial waste facilities, etc.� INDUSTRIAL PROCESS=pulp and paper mills, steel mills, nonferrous metal refiner-ies, pharmaceutical plants, chemical plants, food and other processing plants, etc.� PETROLEUM=refineries, petrochemical plants, offshore facilities, pipelines, etc.� TRANSPORTATION=airports, bridges, roads, canals, locks, dredging, marine facilities,piers, railroads, tunnels, etc.� HAZARDOUS WASTE=chemical and nuclear waste treatment, asbestos and leadabatement, etc.� TELECOMMUNICATIONS=transmission lines and cabling, towers and antennae, etc.

31 40 CHINA HARBOUR ENGINEERING CO., Beijing, China 4,429.7 925.2 5,580.3 1 14 0 1 0 0 18 0 0

32 26 SUMITOMO MITSUI CONSTRUCTION CO. LTD., Tokyo, Japan 4,329.0 207.0 4,329.0 65 4 0 2 3 4 18 0 0

33 31 HYUNDAI ENGINEERING & CONSTR. CO., Seoul, S. Korea 4,224.8 1,287.1 6,312.0 44 0 10 1 1 17 25 0 0

34 43 DAEWOO E&C CO. LTD., Seoul, S. Korea 4,217.5 434.4 5,357.8 61 0 2 2 4 10 21 0 0

35 32 MAEDA CORP., Tokyo, Japan 4,116.0 340.0 3,625.0 56 3 1 1 3 0 21 0 0

36 29 NISHIMATSU CONSTRUCTION CO. LTD., Tokyo, Japan 4,029.8 563.9 4,114.7 56 4 4 6 5 0 18 0 7

37 33 KANDENKO CO. LTD., Tokyo, Japan 3,979.0 4.7 3,847.8 45 0 46 0 0 0 0 0 10

38 ** CEGELEC, Brussels, Belgium 3,931.0 1,566.0 3,509.0 27 9 10 2 1 18 8 2 14

39 ** SAMSUNG CORP., Sungnam-si, S. Korea 3,911.1 443.0 453.0 48 27 3 1 1 1 17 0 0

40 41 SHANGHAI CONSTR. (GRP.) GENERAL CO., Shanghai, China 3,810.8 381.2 3,683.2 66 8 0 0 0 0 17 0 0

41 39 IMPREGILO SPA, Milan, Italy 3,763.0 1,175.0 4,930.0 3 0 0 16 6 0 68 0 0

42 35 KINDEN CORP., Osaka, Japan 3,756.0 172.0 3,650.0 2 2 0 0 0 1 0 0 0

43 38 NECSO ENTRECANALES CUBIERTAS SA, Madrid, Spain 3,555.0 397.0 4,737.0 45 1 3 5 1 0 45 0 0

44 37 KIEWIT CORP., Omaha, Neb., U.S.A. 3,236.3 305.8 2,540.5 10 1 9 8 1 7 61 0 0

45 44 SNAMPROGETTI, Milan, Italy 3,217.0 1,937.0 1,903.0 0 0 2 0 3 72 23 0 0

46 47 PENTA-OCEAN CONSTRUCTION CO. LTD., Tokyo, Japan 3,064.5 367.1 3,156.5 37 7 0 6 7 6 38 0 0

47 46 JGC CORP., Yokohama, Japan 3,029.0 2,306.0 3,396.0 1 0 1 0 0 95 1 1 1

48 56 CHINA ROAD & BRIDGE CORP., Beijing, China 2,990.7 290.6 4,044.3 1 1 0 0 0 0 93 0 0

49 53 SINOHYDRO CORP., Beijing, China 2,989.9 303.2 4,639.2 14 4 78 1 0 0 1 0 0

50 49 CLARK CONSTRUCTION GROUP, Bethesda, Md., U.S.A. 2,887.0 0.0 2,624.5 82 0 0 0 0 0 14 0 0

51 42 OBRASCON HUARTE LAIN SA (OHL SA), Madrid, Spain 2,774.2 825.2 3,281.5 24 0 0 5 4 0 60 0 0

52 ** GRUPO SACYR, Madrid, Spain 2,772.0 0.0 NA 29 0 0 7 0 0 64 0 0

53 55 WASHINGTON GROUP INT’L, Boise, Idaho, U.S.A. 2,771.9 768.0 2,671.9 4 5 34 2 0 7 13 32 0

54 51 JACOBS, Pasadena, Calif., U.S.A. 2,565.8 1,198.0 6,242.0 1 5 2 1 1 67 15 10 0

55 36 KUMAGAI GUMI CO. LTD., Tokyo, Japan 2,542.0 299.0 2,148.0 55 5 1 9 4 0 21 0 0

56 62 WHITING-TURNER CONTRACTING CO., Baltimore, Md., U.S.A. 2,530.0 0.0 3,301.0 81 5 1 1 1 4 6 0 1

57 57 GILBANE BUILDING CO., Providence, R.I., U.S.A. 2,515.8 0.0 2,722.5 80 0 2 0 2 8 3 0 5

58 59 PCL CONSTRUCTION ENTERPRISES, Denver, Colo., U.S.A. 2,321.0 1,480.0 3,172.0 67 1 2 1 2 14 13 0 0

59 83 BEIJING CONSTRUCTION ENG’G GROUP CO., Beijing, China 2,224.5 37.9 1,995.2 67 6 3 6 5 8 4 0 0

60 74 CONSTRUTORA NORBERTO ODEBRECHT, Sao Paulo, Brazil 2,205.0 1,729.0 2,313.0 6 0 20 9 5 6 49 0 0

NEW MARKETS (% OF 2004 GLOBAL REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM TOTAL INTERNATIONAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

. . .
. . .
. . .
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Top 225�

The Top 225 Global Contractors

61 ** SK ENGINEERING & CONSTRUCTION CO., Seoul, S. Korea 2,181.1 189.3 2,778.7 53 0 1 0 0 12 15 0 17

62 64 CONSOLIDATED CONTRACTORS INT’L CO., Athens, Greece 2,119.8 2,119.8 1,989.1 10 0 0 2 7 66 15 0 0

63 48 THE SHAW GROUP INC., Baton Rouge, La., U.S.A. 2,108.5 322.9 2,466.5 7 0 39 2 2 18 2 29 2

64 71 GRANITE CONSTRUCTION, Watsonville, Calif., U.S.A. 2,108.3 0.0 2,588.4 2 0 0 2 0 0 62 0 0

65 61 STRUCTURE TONE INC., New York, N.Y., U.S.A. 2,070.0 175.0 2,198.0 86 0 0 0 0 2 2 0 10

66 65 HENSEL PHELPS CONSTRUCTION, Greeley, Colo., U.S.A. 2,041.1 35.9 1,834.6 76 9 0 0 0 0 16 0 0

67 75 CHIYODA CORP., Yokohama, Japan 1,992.0 1,469.0 3,429.0 0 4 70 0 0 26 0 0 0

68 63 APAC, Atlanta, Ga., U.S.A. 1,958.0 0.0 1,806.0 0 0 0 0 0 0 100 0 0

69 68 THE WALSH GROUP, Chicago, Ill., U.S.A. 1,955.0 0.0 2,602.2 38 0 0 14 9 0 39 0 0

70 70 ED. ZUBLIN AG, Stuttgart, Germany 1,950.0 360.0 2,020.0 52 8 7 10 8 11 0 0 0

71 45 FOSTER WHEELER LTD., Clinton, N.J., U.S.A. 1,942.0 1,671.0 1,639.0 0 0 43 0 0 52 0 3 0

72 52 HAZAMA CORP., Tokyo, Japan 1,910.0 219.0 1,711.0 41 4 3 13 10 7 21 1 1

73 78 ZHEJIANG CONSTR. INVEST. GROUP CO., Hangzhou, China 1,909.1 118.8 2,213.1 63 2 12 0 1 13 8 0 1

74 73 CB&I, The Woodlands, Texas, U.S.A. 1,897.0 900.0 2,614.0 0 0 2 10 1 84 0 0 0

75 72 SWINERTON INC., San Francisco, Calif., U.S.A. 1,891.0 0.0 NA 100 0 0 0 0 0 0 0 0

76 66 TAIKISHA LTD., Tokyo, Japan 1,846.2 629.8 1,884.9 37 54 0 0 0 6 2 0 0

77 79 PERINI CORP., Framingham, Mass., U.S.A. 1,842.0 336.0 1,327.0 75 1 17 0 2 0 6 0 0

78 54 BEIJING URBAN CONSTRUCTION GROUP CO., Beijing, China 1,685.9 15.1 2,743.9 79 0 0 0 1 2 16 0 1

79 60 AKER KVAERNER ASA, Lysaker, Norway 1,640.9 1,154.1 1,008.8 0 0 16 0 0 84 0 0 0

80 84 TOYO ENGINEERING CORP., Chiba, Japan 1,640.0 1,304.0 1,448.0 0 9 34 0 0 56 0 0 0

81 76 J.E. DUNN GROUP, Kansas City, Mo., U.S.A. 1,633.3 0.0 2,730.0 97 0 0 0 0 0 2 0 0

82 80 VEIDEKKE ASA, Oslo, Norway 1,617.9 599.9 1,087.0 80 0 2 0 0 4 13 0 0

83 69 HUNT CONSTRUCTION, Scottsdale, Ariz., U.S.A. 1,600.0 0.0 885.0 82 0 0 0 0 2 16 0 0

84 102 SAMSUNG ENGINEERING CO. LTD., Seoul, S. Korea 1,586.0 603.0 1,034.0 10 37 0 0 16 36 0 0 0

85 93 THE YATES COS. INC., Philadelphia, Miss., U.S.A. 1,440.7 2.5 1,742.4 71 14 5 0 0 3 6 0 0

86 77 MCCARTHY BUILDING COS., St. Louis, Mo., U.S.A. 1,403.0 0.0 2,767.0 87 2 0 1 0 2 7 0 0

87 94 ASTALDI SPA, Rome, Italy 1,347.6 670.2 2,169.8 19 0 1 6 7 3 63 0 0

88 82 THE ARAB CONTRACTORS (O.A.O & CO.), Cairo, Egypt 1,341.5 261.2 1,389.0 34 0 1 16 19 3 26 0 1

89 106 SADE - CGTH, Paris, France 1,276.5 206.5 194.9 0 0 0 68 32 0 0 0 0

90 97 BRASFIELD & GORRIE LLC, Birmingham, Ala., U.S.A. 1,250.4 0.0 1,588.0 87 0 0 0 10 1 1 0 0

91 90 AUSTIN INDUSTRIES, Dallas, Texas, U.S.A. 1,227.4 0.0 1,104.6 25 0 1 0 0 18 54 0 1

92 87 WEBCOR BUILDERS, San Mateo, Calif., U.S.A. 1,227.0 0.0 1,554.1 100 0 0 0 0 0 0 0 0

93 67 TECHINT GROUP, Milan, Italy 1,213.0 1,042.0 781.0 3 6 16 2 0 72 1 0 0

94 108 SSANGYONG ENGINEERING & CONSTR. CO., Seoul, S. Korea 1,171.0 41.0 1,080.0 61 0 6 1 0 0 33 0 0

95 109 BESIX SA, Brussels, Belgium 1,167.8 627.0 1,860.5 59 0 1 0 1 8 24 0 5

96 100 CHINA NATIONAL MACHINERY & EQPT. CORP., Beijing, China 1,138.0 708.0 1,792.0 5 1 4 23 18 16 20 9 4

97 91 GRINAKER-LTA LTD., Kempton Park, South Africa 1,128.0 439.8 1,128.0 14 11 2 10 0 16 10 0 0

98 85 TIC HOLDINGS INC., Steamboat Springs, Colo., U.S.A. 1,100.1 24.5 993.1 0 0 36 11 18 31 4 0 0

99 104 BEIJING UNI-CONSTRUCTION GROUP CO., Beijing, China 1,093.8 37.0 546.5 90 1 0 0 0 10 0 0 0

100 92 M.A. MORTENSON CO., Minneapolis, Minn., U.S.A. 1,085.4 0.6 870.7 86 4 6 0 0 0 4 0 0

101 81 EBARA CORP., Tokyo, Japan 1,048.1 94.5 797.2 0 0 2 12 83 0 0 4 0

102 116 CHINA NATIONAL CHEMICAL ENG’G CORP., Beijing, China 1,042.0 192.0 1,462.0 7 0 19 2 2 64 0 0 0

103 98 WALBRIDGE ALDINGER, Detroit, Mich., U.S.A. 1,003.0 100.0 1,089.0 19 61 0 1 14 0 6 0 0

104 119 HANJIN HEAVY INDUSTRIES & CONSTR., Seoul, S. Korea 985.0 65.0 1,671.0 39 0 0 13 0 0 48 0 0

105 95 BARTON MALOW CO., Southfield, Mich., U.S.A. 975.1 0.0 1,085.0 89 6 1 0 1 0 3 0 0

106 96 JOANNOU & PARASKEVAIDES (OVERSEAS) LTD., Guernsey, U.K. 967.3 967.3 991.4 34 0 3 2 2 8 51 0 0

107 99 ZACHRY CONSTRUCTION CORP., San Antonio, Texas, U.S.A. 966.0 35.8 1,238.2 6 0 33 0 0 29 31 0 1

108 ** TECNIMONT SPA, Milan, Italy 965.0 901.0 560.0 0 0 6 0 0 94 0 0 0

109 ** PETROFAC LTD., Jersey, Channel Islands, U.K. 964.2 964.2 1,446.6 0 0 0 0 0 100 0 0 0

110 107 THE WEITZ CO., Des Moines, Iowa, U.S.A. 952.0 0.8 1,048.0 98 0 0 0 0 2 0 0 0

NEW MARKETS (% OF 2004 GLOBAL REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM TOTAL INTERNATIONAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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The Top 225 Global Contractors

111 140 MARNELL CORRAO ASSOCIATES, Las Vegas, Nev., U.S.A. 949.0 0.0 422.0 98 0 0 0 0 0 2 0 0

112 ** SOCIETA ITALIANA PER CONDOTTE D’ACQUA SPA, Rome, Italy 944.0 81.2 1,645.1 3 0 0 5 0 0 91 0 0

113 121 SHANDONG ELECTRIC POWER CONSTR., Jinan City, China 935.9 188.4 1,298.1 0 0 100 0 0 0 0 0 0

114 152 CHINA GEZHOUBA CONSTRUCTION CO., Yichang City, China 932.2 59.4 1,052.2 9 0 56 9 0 17 9 0 0

115 112 SOLETANCHE BACHY, Nanterre, France 926.0 548.0 851.0 16 3 21 7 9 3 40 1 0

116 113 SUFFOLK CONSTRUCTION CO., Boston, Mass., U.S.A. 888.3 0.0 1,259.1 100 0 0 0 0 0 0 0 0

117 86 DPR CONSTRUCTION, Redwood City, Calif., U.S.A. 880.0 0.0 945.0 66 2 0 0 0 28 0 0 4

118 115 MANHATTAN CONSTRUCTION CO., Tulsa, Okla., U.S.A. 860.4 30.0 1,074.0 93 0 0 0 0 0 7 0 0

119 89 PARSONS, Pasadena, Calif., U.S.A. 832.1 144.0 1,629.0 21 0 0 2 2 21 43 11 0

120 111 RSEA ENGINEERING CORP., Taipei, Taiwan 830.5 0.4 490.1 24 0 3 0 0 0 73 0 0

121 122 OPUS GROUP, Minnetonka, Minn., U.S.A. 829.1 0.0 1,013.0 100 0 0 0 0 0 0 0 0

122 101 PEPPER CONSTRUCTION GROUP, Chicago, Ill., U.S.A. 828.2 0.0 771.7 94 0 0 0 2 3 0 0 0

123 118 TURNER INDUSTRIES GROUP, Baton Rouge, La., U.S.A. 823.1 48.8 186.2 0 0 6 0 0 92 0 2 0

124 103 DICK CORP., Pittsburgh, Pa., U.S.A. 806.0 92.0 578.0 74 0 0 3 0 0 22 0 0

125 120 AECON GROUP INC., Toronto, Ontario, Canada 788.1 130.1 788.0 36 6 23 0 1 5 19 0 5

126 137 THE LANE CONSTRUCTION CORP., Meriden, Conn., U.S.A. 785.0 0.0 998.0 0 0 0 0 0 0 100 0 0

127 130 TECNICAS REUNIDAS SA, Madrid, Spain 781.0 547.0 800.0 1 0 19 0 3 75 2 0 0

128 132 ENKA CONSTRUCTION & INDUSTRY CO. INC., Istanbul, Turkey 760.6 614.2 1,926.7 39 0 4 2 0 30 21 0 0

129 114 BE&K INC., Birmingham, Ala., U.S.A. 758.6 23.8 1,200.0 34 4 15 0 1 43 2 0 1

130 138 CH2M HILL COS. LTD., Denver, Colo., U.S.A. 709.4 226.5 NA 6 13 8 14 7 24 5 15 6

131 127 VALLEYCREST COS., Calabasas, Calif., U.S.A. 705.0 0.0 NA 100 0 0 0 0 0 0 0 0

132 123 RUDOLPH & SLETTEN INC., Foster City, Calif., U.S.A. 697.5 0.0 1,490.0 85 1 0 0 0 14 0 0 0

133 126 E. PIHL & SON AS, Kgs. Lyngby, Denmark 693.1 353.8 846.3 46 5 4 0 3 15 27 0 0

134 ** BEIJING MUNICIPAL ENGINEERING GROUP CO., Beijing, China 689.1 40.6 896.0 2 0 2 5 21 0 48 0 1

135 129 THE BECK GROUP, Dallas, Texas, U.S.A. 658.7 28.2 526.2 100 0 0 0 0 0 0 0 0

136 139 ITALIAN-THAI DEVELOPMENT PCL, Bangkok, Thailand 657.0 92.0 543.0 19 1 10 5 3 11 39 0 4

137 125 SOARES DA COSTA - GRUPO SGPS, Porto, Portugal 656.1 250.9 502.0 51 0 0 2 0 0 47 0 0

138 155 CONSTRUTORA ANDRADE GUTIERREZ SA, Sao Paulo, Brazil 643.9 300.3 262.5 4 0 21 7 4 11 52 0 0

139 144 ORASCOM CONSTRUCTION INDUSTRIES, Cairo, Egypt 642.2 436.0 1,094.0 43 0 7 3 2 27 15 0 3

140 ** EARTH TECH INC., Long Beach, Calif., U.S.A. 630.0 373.0 696.0 15 0 0 18 49 0 0 17 0

141 143 THE FLINTCO COS. INC., Tulsa, Okla., U.S.A. 615.0 0.0 725.0 100 0 0 0 0 0 0 0 0

142 ** GUANGDONG XINGUANG INT’L GROUP, Guangzhou, China 611.4 73.9 478.1 63 11 0 0 3 3 20 0 0

143 ** MATRIX SERVICE CO., Tulsa, Okla., U.S.A. 607.9 4.5 436.5 0 0 52 0 1 45 0 0 0

144 149 DUKE CONSTRUCTION, Indianapolis, Ind., U.S.A. 600.1 0.0 480.0 96 0 0 0 0 0 4 0 0

145 156 HITT CONTRACTING INC., Fairfax, Va., U.S.A. 600.0 13.3 480.0 95 0 3 0 0 1 1 0 0

146 215 TEKFEN CONSTRUCTION & INSTALLATION CO., Istanbul, Turkey 593.0 249.0 506.0 4 0 7 0 2 68 6 0 0

147 161 HOLDER CONSTRUCTION CO., Atlanta, Ga., U.S.A. 592.0 0.0 723.8 66 0 0 0 0 0 0 0 34

148 135 ALBERICI CORP., St. Louis, Mo., U.S.A. 586.6 75.7 1,468.1 23 41 4 2 8 17 2 0 0

149 157 C.M.C. DI RAVENNA, Ravenna, Italy 583.4 136.5 561.9 18 0 0 8 4 0 71 0 0

150 141 SUNDT CONSTRUCTION INC., Tempe, Ariz., U.S.A. 583.1 0.0 673.0 70 0 0 5 11 0 15 0 0

151 134 DAY & ZIMMERMANN GROUP, Philadelphia, Pa., U.S.A. 579.0 38.0 558.0 23 1 73 0 0 4 0 0 0

152 146 TEICHERT CONSTRUCTION, Sacramento, Calif., U.S.A. 577.0 0.0 613.0 75 0 0 5 0 0 20 0 0

153 133 THE HASKELL CO., Jacksonville, Fla., U.S.A. 570.8 5.9 455.6 49 7 0 8 4 25 8 0 0

154 128 TUTOR-SALIBA CORP., Sylmar, Calif., U.S.A. 564.0 63.0 642.0 42 0 0 0 0 0 58 0 0

155 159 NATIONAL PETROLEUM CONSTRUCTION CO., Abu Dhabi, U.A.E. 564.0 289.8 570.2 0 0 0 0 0 100 0 0 0

156 ** GRANDI LAVORI FINCOSIT SPA, Rome, Italy 554.6 48.3 395.4 2 0 0 0 0 0 98 0 0

157 145 KOKOSING CONSTRUCTION CO., Fredericktown, Ohio, U.S.A. 554.0 2.3 570.1 18 1 1 2 13 15 44 0 0

158 ** CLOUGH LTD., Perth, WA, Australia 548.8 225.0 266.9 8 0 2 0 0 73 2 0 2

159 151 BAUER SPEZIALTIEFBAU GMBH, Schrobenhausen, Germany 540.8 286.5 264.2 32 1 9 7 4 19 18 6 2

160 174 GAMA, Ankara, Turkey 538.9 435.4 742.9 11 0 38 1 0 38 12 0 0

NEW MARKETS (% OF 2004 GLOBAL REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM TOTAL INTERNATIONAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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Top 225�

The Top 225 Global Contractors

161 142 KRAUS-ANDERSON CONSTR., Minneapolis, Minn., U.S.A. 534.0 0.0 667.0 100 0 0 0 0 0 0 0 0

162 ** INSITUFORM TECHNOLOGIES INC., Chesterfield, Mo., U.S.A. 531.0 94.0 596.0 0 0 0 0 95 5 0 0 0

163 175 CTCI CORP., Taipei, Taiwan 524.9 252.4 738.2 3 1 18 0 7 55 14 2 0

164 163 INDUSTRIAL DEV’T & RENOVATION ORG. OF IRAN, Tehran, Iran 524.6 34.9 1,594.6 5 16 6 3 0 66 3 0 0

165 196 RIZZANI DE ECCHER SPA, Udine, Italy 522.1 373.2 369.1 49 0 0 0 0 0 51 0 0

166 124 BLACK & VEATCH, Overland Park, Kan., U.S.A. 517.7 217.9 1,493.4 1 0 61 14 11 5 1 0 5

167 158 BBL CONSTRUCTION SERVICES, Albany, N.Y., U.S.A. 510.1 0.0 323.3 97 3 0 0 0 0 0 0 0

168 166 HRH CONSTRUCTION LLC, New York, N.Y., U.S.A. 510.0 0.0 750.0 100 0 0 0 0 0 0 0 0

169 147 CHINA PETROLEUM ENG’G & CONSTR. CORP., Beijing, China 500.2 500.2 670.7 0 0 0 0 0 100 0 0 0

170 201 POWER CONSTRUCTION CO., Schaumburg, Ill., U.S.A. 497.0 0.0 303.6 100 0 0 0 0 0 0 0 0

171 150 HOFFMAN CORP., Portland, Ore., U.S.A. 483.3 0.0 NA 76 22 1 0 0 0 1 0 0

172 ** POMERLEAU, Longueuil, Quebec, Canada 483.0 21.2 311.0 83 0 0 0 0 0 14 0 0

173 ** O’NEIL INDUSTRIES INC., Chicago, Ill., U.S.A. 475.0 0.0 408.0 96 4 0 0 0 0 0 0 0

174 170 ADOLFSON & PETERSON CONSTR., Minneapolis, Minn., U.S.A. 470.0 0.0 534.0 93 0 0 5 0 0 1 0 0

175 162 DEVCON CONSTRUCTION, Milpitas, Calif., U.S.A. 470.0 0.0 500.0 79 21 0 0 0 0 0 0 0

176 ** WORLEYPARSONS, North Sydney, NSW, Australia 469.3 418.1 47.4 2 0 18 0 0 79 0 0 0

177 160 AMES CONSTRUCTION INC., Burnsville, Minn., U.S.A. 468.3 0.0 423.2 9 0 2 4 2 11 71 0 0

178 154 HARDIN CONSTRUCTION CO., Atlanta, Ga., U.S.A. 459.1 0.0 584.6 100 0 0 0 0 0 0 0 0

179 169 HOWARD S. WRIGHT CONSTRUCTION, Seattle, Wash., U.S.A. 453.0 0.0 685.0 91 0 0 0 0 0 0 0 9

180 117 ABB LUMMUS GLOBAL, Bloomfield, N.J., U.S.A. 450.0 441.1 1,222.8 0 0 0 0 0 100 0 0 0

181 ** DOUGLAS E. BARNHART, San Diego, Calif., U.S.A. 450.0 0.0 582.5 100 0 0 0 0 0 0 0 0

182 186 CONSTR. E COMERCIO CAMARGO CORREA, Sao Paulo, Brazil 441.2 21.4 615.2 3 0 57 0 7 13 21 0 0

183 190 THE BOLDT CO., Appleton, Wis., U.S.A. 440.9 0.0 463.0 68 3 11 0 0 12 5 0 0

184 207 SHAWMUT DESIGN AND CONSTR., Boston, Mass., U.S.A. 440.7 0.1 450.0 100 0 0 0 0 0 0 0 0

185 193 THE LAYTON COS., Sandy, Utah, U.S.A. 439.6 0.0 501.5 69 6 4 0 3 4 12 0 0

186 168 RYAN COS. US INC., Minneapolis, Minn., U.S.A. 439.2 0.0 743.2 100 0 0 0 0 0 0 0 0

187 192 KITCHELL CORP., Phoenix, Ariz., U.S.A. 436.0 0.0 425.5 100 0 0 0 0 0 0 0 0

188 164 JAMES G. DAVIS CONSTRUCTION, Rockville, Md., U.S.A. 432.1 0.0 377.7 100 0 0 0 0 0 0 0 0

189 171 THE HUBBARD GROUP, Winter Park, Fla., U.S.A. 427.7 0.0 436.8 0 0 0 0 3 0 97 0 0

190 210 P.J. DICK-TRUMBULL-LINDY, Pittsburgh, Pa., U.S.A. 427.0 0.0 426.0 51 1 0 0 1 0 45 0 0

191 ** BURNS & MCDONNELL, Kansas City, Mo., U.S.A. 426.5 0.6 NA 5 13 64 1 0 15 2 1 0

192 223 VCC, Little Rock, Ark., U.S.A. 425.0 0.0 500.0 100 0 0 0 0 0 0 0 0

193 176 WEIS BUILDERS, Minneapolis, Minn., U.S.A. 420.9 0.0 492.6 100 0 0 0 0 0 0 0 0

194 179 EMJ CORP., Chattanooga, Tenn., U.S.A. 418.4 0.0 456.3 100 0 0 0 0 0 0 0 0

195 181 TORCON INC., Westfield, N.J., U.S.A. 418.0 55.0 458.0 22 0 0 0 0 68 10 0 0

196 191 WALTON CONSTRUCTION CO. LLC, Kansas City, Mo., U.S.A. 414.0 0.0 632.0 86 6 0 0 0 0 7 0 0

197 182 MCGOUGH COS., St. Paul, Minn., U.S.A. 412.0 0.0 458.0 62 0 0 0 0 15 0 0 23

198 188 CHINA CIVIL ENGINEERING CONSTR. CORP., Beijing, China 407.8 379.7 381.8 34 2 0 1 3 0 56 0 5

199 180 MESSER CONSTRUCTION, Cincinnati, Ohio, U.S.A. 405.4 0.0 652.0 91 4 0 0 0 0 4 0 0

200 167 THE STELLAR GROUP, Jacksonville, Fla., U.S.A. 404.7 3.5 262.6 8 0 6 0 0 86 0 0 0

201 183 TRACTEBEL ENGINEERING, Brussels, Belgium 403.4 374.6 NA 2 0 98 0 0 0 0 0 0

202 165 WILLIAMS BROTHERS CONSTRUCTION, Houston, Texas, U.S.A. 401.6 0.0 660.9 0 0 0 0 0 0 100 0 0

203 ** CDI CONTRACTORS LLC, Little Rock, Ark., U.S.A. 401.0 0.0 315.0 100 0 0 0 0 0 0 0 0

204 189 MICHELS CORP., Brownsville, Wis., U.S.A. 398.3 9.2 398.3 0 15 13 0 5 31 6 0 18

205 ** GRAHAM GROUP LTD., Calgary, Alberta, Canada 392.3 95.0 NA 53 8 9 1 3 14 13 0 0

206 ** CORE CONSTRUCTION GROUP, Phoenix, Ariz., U.S.A. 392.0 0.0 440.0 100 0 0 0 0 0 0 0 0

207 204 KHARAFI NATIONAL, Safat, Kuwait 389.0 128.0 389.0 40 0 0 0 0 20 0 0 2

208 ** CLAYCO, St. Louis, Mo., U.S.A. 388.5 0.0 485.0 100 0 0 0 0 0 0 0 0

209 ** ARB INC., Lake Forest, Calif., U.S.A. 387.0 42.0 390.0 13 0 34 6 6 41 0 0 0

210 ** JAMES N. GRAY CO., Lexington, Ky., U.S.A. 381.5 0.0 354.2 68 22 2 0 0 8 0 0 0

NEW MARKETS (% OF 2004 GLOBAL REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM TOTAL INTERNATIONAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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The Top 225 Global Contractors

211 ** THOS. S. BYRNE LTD., Fort Worth, Texas, U.S.A. 375.0 0.0 150.0 79 8 0 0 0 0 13 0 0

212 ** W. M. JORDAN CO. INC., Newport News, Va., U.S.A. 370.0 0.0 435.1 100 0 0 0 0 0 0 0 0

213 ** NUROL CONSTRUCTION AND TRADING CO., Ankara, Turkey 363.5 140.0 1,130.0 22 38 4 5 1 6 17 0 0

214 212 AMERICAN INFRASTRUCTURE INC., Worcester, Pa., U.S.A. 362.3 0.0 376.7 0 0 0 5 20 0 75 0 0

215 ** SEI ENGINEERING INC., Beijing, China 361.7 46.5 825.4 0 0 0 0 2 98 0 0 0

216 213 KRAFT CONSTRUCTION CO. INC., Naples, Fla., U.S.A. 360.5 0.0 753.1 100 0 0 0 0 0 0 0 0

217 ** HOAR CONSTRUCTION, Birmingham, Ala., U.S.A. 359.6 0.0 814.4 98 0 0 0 0 2 0 0 0

218 200 THE ALTER GROUP, Skokie, Ill., U.S.A. 359.5 0.0 NA 67 33 0 0 0 0 0 0 0

219 187 F.A. WILHELM CONSTRUCTION CO., Indianapolis, Ind., U.S.A. 359.3 0.0 300.0 43 1 1 0 0 55 0 0 0

220 ** HINDUSTAN CONSTRUCTION CO. LTD., Mumbai, India 358.5 48.6 569.9 0 0 35 26 0 0 34 0 0

221 ** BERNARDS, San Fernando, Calif., U.S.A. 353.8 0.0 262.0 100 0 0 0 0 0 0 0 0

222 ** XINJIANG BEIXIN CONSTR. & ENG’G CO. LTD., Urumqi, China 352.7 16.9 366.3 44 0 3 18 0 0 35 0 0

223 221 CHOATE CONSTRUCTION CO., Atlanta, Ga., U.S.A. 351.9 0.0 407.3 78 12 0 0 0 0 0 0 4

224 177 GREAT LAKES DREDGE & DOCK CORP., Oak Brook, Ill., U.S.A. 350.9 62.9 383.8 0 0 0 0 0 0 89 0 0

225 ** OPCA SA, Lisbon, Portugal 349.0 20.0 113.8 20 0 0 0 0 0 80 0 0

NEW MARKETS (% OF 2004 GLOBAL REVENUE)RANK 2004 REVENUE ($ MIL.) CONTRACTS IN GEN. WATER SEWER./ INDUS./ HAZ. TELE-

2005 2004 FIRM TOTAL INTERNATIONAL 2004 ($ MIL.) BLDG. MFG. POWER SUPPLY WASTE PETRO. TRANSP. WASTE COMM.

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Top 225 Directory�

FIRM RANK FIRM RANK FIRM RANK FIRM RANK

Where To Find The Top 225 Global Contractors

AABB Lummus Global 180Grupo ACS 4Adolfson & Peterson Constr. 174Aecon Group Inc. 125Aker Kvaerner ASA 79Alberici Corp. 148The Alter Group 218AMEC plc 26American Infrastructure Inc. 214Ames Construction Inc. 177APAC 68The Arab Contractors (O.A.O & Co.) 88ARB Inc. 209Astaldi SpA 87Austin Industries 91

BBalfour Beatty plc 21Royal BAM Groep nv 19douglas e. barnhart 181Barton Malow Co. 105Bauer Spezialtiefbau GmbH 159BBL Construction Services 167BE&K Inc. 129Bechtel 5The Beck Group 135Beijing Construction Eng’g

Group Co. 59Beijing Municipal Engineering

Group Co. 134Beijing Uni-Construction Group

Co. Ltd. 99Beijing Urban Construction

Group Co. 78Bernards 221BESIX SA 95Bilfinger Berger AG 22Black & Veatch 166The Boldt Co. 183BOUYGUES 2Bovis Lend Lease 28Brasfield & Gorrie LLC 90Burns & McDonnell 191Thos. S. Byrne Ltd. 211

CConstrucoes e Comercio Camargo

Correa 182CB&I 74CDI Contractors LLC 203CEGELEC 38Centex 14CH2M Hill Cos. Ltd. 130China Civil Engineering Constr.

Corp. 198China Gezhouba Construction Co. 114China Harbour Engineering Co. 31China Metallurgical Constr.

(Group) Corp. 27China National Chemical Eng’g

Corp. 102China National Machinery &

Equipment Corp. 96China Petroleum Eng’g &

Constr. Corp. 169China Railway Construction Corp. 15China Railway Engineering Corp. 11

China Road & Bridge Corp. 48China State Construction Eng’g

Corp. 17Chiyoda Corp. 67Choate Construction Co. 223Clark Construction Group 50Clayco 208Clough Ltd. 158Societa Italiana Per Condotte

D’Acqua SpA 112Consolidated Contractors Int’l

Co. 62Construtora Andrade Gutierrez

SA 138Construtora Norberto Odebrecht 60C.M.C. di Ravenna 149CORE Construction Group 206CTCI Corp. 163

DEFDaewoo E&C Co. Ltd. 34James G. Davis Construction 188Day & Zimmermann Group 151Devcon Construction 175Dick Corp. 124P.J. Dick-Trumbull-Lindy 190DPR Construction 117Duke Construction 144J.E. Dunn Group 81Earth Tech Inc. 140Ebara Corp. 101EIFFAGE 16EMJ Corp. 194Enka Construction & Industry

Co. Inc. 128FCC, Fomento de Constr. y

Contratas 23Ferrovial 18FIMAG Finanz Industrie Mgmt. AG 20The Flintco Cos. Inc. 141Fluor Corp. 24Foster Wheeler Ltd. 71

GHIGAMA 160Gilbane Building Co. 57Graham Group Ltd. 205Grandi Lavori Fincosit SpA 156Granite Construction 64James N. Gray Co. 210Great Lakes Dredge & Dock Corp. 224Grinaker-LTA Ltd. 97Guangdong Xinguang Int’l Group 142Hanjin Heavy Industries &

Constr. Co. 104Hardin Construction Co. 178The Haskell Co. 153Hazama Corp. 72Hensel Phelps Construction Co. 66Hindustan Construction Co. Ltd. 220HITT Contracting Inc. 145Hoar Construction 217Hochtief AG 3Hoffman Corp. 171Holder Construction Co. 147HRH Construction LLC 168The Hubbard Group 189Hunt Construction 83

Hyundai Engineering & Constr. Co. 33IMPREGILO SpA 41Industrial Dev’t & Renovation

Org. of Iran 164Insituform Technologies Inc. 162Italian-Thai Development PCL 136

JKLJacobs 54JGC Corp. 47Joannou & Paraskevaides (Overseas)

Ltd. 106W. M. Jordan Co. Inc. 212Kajima Corp. 8Kandenko Co. Ltd. 37KBR 12Kharafi National 207Kiewit Corp. 44Kinden Corp. 42Kitchell Corp. 187Kokosing Construction Co. 157Kraft Construction Co. Inc. 216Kraus-Anderson Constr. 161Kumagai Gumi Co. Ltd. 55The Lane Construction Corp. 126The Layton Cos. 185Leighton Holdings Ltd. 29

MNOMaeda Corp. 35Manhattan Construction Co. 118Marnell Corrao Associates 111Matrix Service Co. 143McCarthy Building Cos. 86McGough Cos. 197Messer Construction 199Michels Corp. 204M.A. Mortenson Co. 100National Petroleum Construction

Co. 155NECSO Entrecanales Cubiertas SA 43Nishimatsu Construction Co. Ltd. 36Nurol Construction and Trading

Co. 213Obayashi Corp. 10Obrascon Huarte Lain SA (OHL SA) 51O’Neil Industries Inc. 173OPCA SA 225Opus Group 121Orascom Construction Industries 139

PQRParsons 119PCL Construction Enterprises 58Penta-Ocean Construction Co. Ltd. 46Pepper Construction Group 122Perini Corp. 77Petrofac Ltd. 109E. Pihl & Son AS 133Pomerleau 172Power Construction Co. 170Rizzani de Eccher SpA 165RSEA Engineering Corp. 120Rudolph & Sletten Inc. 132Ryan Cos. US Inc. 186

SGrupo SACYR 52SADE - CGTH 89

Samsung Corp. 39Samsung Engineering Co. Ltd. 84SEI Engineering Inc. 215Shandong Electric Power Constr. 113Shanghai Constr. (Group) General

Co. 40The Shaw Group Inc. 63Shawmut Design and

Construction 184Shimizu Corp. 9Sinohydro Corp. 49SK Engineering & Construction Co. 61Skanska AB 6Snamprogetti 45Soares Da Costa - Grupo SGPS 137SOLETANCHE BACHY 115Ssangyong Engineering &

Constr. Co. 94The Stellar Group 200Structure Tone Inc. 65Suffolk Construction Co. 116Sumitomo Mitsui Construction

Co. Ltd. 32Sundt Construction Inc. 150Swinerton Inc. 75

TUVTaikisha Ltd. 76Taisei Corp. 7Takenaka Corp. 13Techint Group 93TECHNIP 25Tecnicas Reunidas SA 127Tecnimont SpA 108Teichert Construction 152Tekfen Construction & Installation

Co. 146TIC Holdings Inc. 98Toda Corp. 30Torcon Inc. 195Toyo Engineering Corp. 80Tractebel Engineering 201Turner Industries Group LLC 123Tutor-Saliba Corp. 154ValleyCrest Cos. 131VCC 192Veidekke ASA 82VINCI 1

WXYZWalbridge Aldinger 103The Walsh Group 69Walton Construction Co. LLC 196Washington Group Int’l 53Webcor Builders 92Weis Builders 193The Weitz Co. 110Whiting-Turner Contracting Co. 56F.A. Wilhelm Construction Co. 219Williams Brothers Construction 202WorleyParsons 176Howard S. Wright Construction 179Xinjiang Beixin Constr. & Eng’g

Co. Ltd. 222The Yates Cos. Inc. 85Zachry Construction Corp. 107Zhejiang Constr. Investment

Group Co. 73Ed. Zublin AG 70

Page 21: ENR Report 2005

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ENR TOP LISTS – 2005Top 500 (U.S.) Design Firms – April 18Top 400 (U.S.) Contractors – May 16Top 100 Construction Managers, Design-Builders, & Program Managers – June 13Top 200 Environmental Engineering Firms – July 4Top 200 International Design Firms – July 25Top 225 International Contractors – August 22/29Top 600 Specialty Contractors – October 17

ENR SOURCEBOOKS – 2005Top 500 Design Firms Sourcebook – June 20Top 400 Contractors Sourcebook – September 19Top Owners Sourcebook – November 14Global Construction Sourcebook – December 12

ENR TOP LISTS – 2004Top 500 (U.S.) Design Firms – April 190Top 400 (U.S.) Contractors – May 17Top 100 Construction Managers, Design-Builders, &Program Managers – June 14Top 200 Environmental Engineering Firms – July 5Top 200 International Design Firms – July 26Top 225 International Contractors – August 23Top 600 Specialty Contractors – October 18

ENR SOURCEBOOKS – 2004Top 500 Design Firms Sourcebook – June 28Top 400 Contractors Sourcebook – September 27Top Owners Sourcebook – November 8Global Construction Sourcebook – December 2004

ENR TOP LISTS – 2003Top 500 Design Firms – April 21Top 400 Contractors – May 19Top 100 Construction Managers, Design-Builders, & Program Managers – June 16Top 200 Environmental Engineering Firms – June 2Top 200 International Design Firms – July 28Top 225 International Contractors – August 25Top 600 Specialty Contractors – October 20

ENR SOURCEBOOKS – 2003Top 500 Design Firms Sourcebook – June 2003Top 400 Contractors Sourcebook – September 2003Top Owners Sourcebook – November 10Construction Facts – November 2003Global Construction Sourcebook – January 5, 2004

ENR's Complete Top List and Sourcebook Series(Lists and Sourcebooks published in ENR may be purchased on enr.com)