Top 25 General Contractors Hawaiʻiʻs Most Profitable Construction Companies
JULY 2023/$5.00
A TRADE MEDIA HUI PUBLICATION
TOP 25 GENERAL CONTRACTORS HAWAI‘I’S MOST PROFITABLE CONSTRUCTION COMPANIES
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COFFEE BREAK
A recent foray into the archives of Building Industry Hawaii helped confirm something I already knew. If it ain’t broke, don’t fix it. Some backstory for the curious: I had been tasked with digging up background information on former company president Carl “Kini Popo” Hebenstreit, who died last year at the age of 93, for a tribute article in another publication. While most people of a certain age know him as the person who introduced broadcast television to Hawai‘i in 1952, Hebenstreit described his second career as a magazine publisher as “one of the happiest and most satisfying” periods of his life. So, when I discovered the name of the editor’s column I’ve inherited here — “Coffee Break” — was actually the same one he used during his time as publisher, no further discussion was needed. Welcome back to “Coffee Break.” HOʻOMAIKAʻI, TOP 25 CONTRACTORS It is also important for us to take a moment and honor the accom- economic success. When we hosted our inaugural Top 25 Contractors Luncheon on June 28 at Honolulu Country Club, we celebrated the success of the biggest companies in the industry — but we also recognized the efforts of smaller operations, like subcontractors who help keep project timelines on schedule and newcomers marking their territory amidst an ever-changing business landscape. Don’t just focus on the names at the top of the list. As the old saying goes, a rising tide lifts all ships, and that's what we’ll need here in Hawai‘i if our goal is to create a self-sustaining industry that thrives. Congratulations to all the honorees in this issue. We’re counting on you to keep moving Hawai‘i forward when it comes to providing the infrastructure our islands need to grow and prosper. Aloha, “Make Every Step a Safe One” Wooster Products Inc. plishments of all the contractors featured in this month’s issue. Our Top 25 Contractors list is both a who’s who of the businesses you’ll want to work with on your next big project, as well as concrete evidence that shows how vital the industry is to Hawai‘i’s overall “Make Every Step a Safe One” Wooster Products Inc.
A TRADE MEDIA HUI PUBLICATION
The Construction Magazine of Hawai‘i buildingindustryhawaii.com
Publisher Amanda Canada amanda@trademediahui.com Senior Editor Jason Genegabus jason@trademediahui.com Associate Editors
Brett Alexander-Estes brett@trademediahui.com
Paula Bender paula@trademediahui.com
Vice President-Advertising Jay Higa jay@trademediahui.com Senior Account Executives
David Kanyuck davidk@trademediahui.com
Jennifer Dorman jennifer@trademediahui.com
Stan Emoto stan@trademediahui.com
Senior Art Director Ursula A. Silva ursula@trademediahui.com Art Directors
Dustin Koda dustin@trademediahui.com
Jonathan Tanji jonathan@trademediahui.com
Circulation Manager Chelse Takahashi circulation@trademediahui.com VP Production/Operations Abe Popa abe@trademediahui.com
“Make Every Step a Safe One” Wooster Products Inc.
Jason Genegabus Senior Editor jason@trademediahui.com
CORRECTION In the June 2023 issue of Building Industry Hawaii , HPM Senior Lumber Buyer Benjamin Nesemeier’s name was spelled incorrectly. BIH regrets the error. Update any stair or walkway with our complete line of anti-slip safety treads, coatings, and tapes
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Copyright 2023 with all rights reserved. Unauthorized reproduction is prohibited. Building Industry Hawaii is published on the first day of each month by Trade Media Hui, with offices at 287 Mokauea St., Honolulu HI 96819. Unsolicited materials must be accompanied by self- addressed, stamped return envelope. Publisher reserves the right to edit or otherwise modify all materials and assumes no responsibility for items lost or misplaced during production. Content within this publication is not to be construed as professional advice; Trade Media Hui disclaims any and all responsibility or liability for health or financial damages that may arise from its content. Statement of fact and opinion in articles, columns or letters of contributors are the responsibility of authors alone and do not necessarily reflect the opinion of Trade Media Hui. Single copy rate is $5, with subscriptions available at $35 per year. For information, call (808) 848-0711.
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6 | BUILDING INDUSTRY HAWAII | JULY 2023
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JULY 2023 VOL. 66 NUMBER 7
News Beat 98 U.S. Treasury Allocates $115M for Improved Broadband Infrastructure in Hawaiʻi 98 HPM Acquires 87ZERO, Expands Product Lineup 99 HISHE Healthcare Expo Charts Building Trends 99 CCIM Hosts ‘Construction Industry Outlook’ Panel Departments 10 Datebook: July-September Events 14 Makana Aloha: Hawaii Gives 100 New Products: New Partnerships and More 102 Contracts: May Contract Awards Rally as Low Bids Surge 104 Low Bids: Summer Swell 106 Newsmakers: New Hires and Promotions 110 Power Movers: Robin Sylva, Lead Technician & VAC Truck Operator
108
Features 6
Coffee Break “If it ain’t broke, don’t fix it.”
92
Up, Down & Sideways Elevators move people in buildings statewide — and now they serve Honolulu rail passengers, too
JULY 2023/$5.00
A TRADE MEDIA HUI PUBLICATION
TOP 25 GENERAL CONTRACTORS HAWAI‘I’S MOST PROFITABLE CONSTRUCTION COMPANIES
107 Faces: BIA Hawaii
BIA Hawaii Pau Hana at Daltile Honolulu
ABOUT THE COVER: Building Industry Hawaii presents the Top 25 Contractors for 2023. Cover Design by Ursula A. Silva
108 Faces: HC&D
HC&D’s 115th Anniversary Celebration
TOP 25 CONTRACTORS 21 Ranks and Revenue 21 Noteworthy Contenders 22 A Decade of Hard Work 34 Past Top 25 Contractors 37 Lucky 13: Legacy Companies in Hawai‘i 45 Home Sweet Home 60 35 Years of Highs and Lows 69 Hawai‘i’s Biggest Employers 81 Biggest Piece of the Pie
COMING IN AUGUST 2023 Next month, Building Industry Hawaii takes a look at Education Construction , visits new projects on the island of Kauaʻi , and a feature on the concrete and cement industries. Also, look out for a special insert celebrating Koga Engineering & Construction’s 50th Anniversary .
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8 | BUILDING INDUSTRY HAWAII | JULY 2023
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DATEBOOK | Classes, Events & More To get your organization’s event listed, email details (date, time, location, cost, contact person) to jason@trademediahui.com at least two months in advance. THIS MONTH
Compiled by Building Industry Hawaii Staff
July 10 through July 26. Lean Construction is driven to minimize costs and maximize value on each project, challenging stakeholders to develop and apply better ways to manage the construction process. This highly interactive, virtual program provides instruction and training via Zoom to prepare construction industry professionals at all levels to transform their projects and companies
JULY 5–31 HAPI Shorts
Ongoing virtual sessions by indus- try professionals presented each week during lunch hour by Hawaii Asphalt Paving Industry. Thirty- to 40-minute sessions are followed by questions and answers. Upcoming sessions: Use of Recycled Materials in Pavements (July 5), HAPI Jeopardy (July 12), Random Sampling Locations (July 19), Use of Color in Communications (July 26). Free. hawaiiasphalt.org/education/ hapi-shorts
into a lean operating system. After participants complete the program, they become eligible to sit for an exam to earn the Certificate of Management – Lean Construction. Instructor: Dawlat Elmosalmi,
JULY 10-26 AGC Edge Lean Construction Education Program 6 to 10 a.m. weekdays from
MSc., PMP, CM-LEAN. Cost: $3,425; $2,450 for GCA members (includes all course materials). Info: education@agc.org .
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10 | BUILDING INDUSTRY HAWAII | JULY 2023
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DATEBOOK | Classes, Events & More
JULY 10-11 Reading Construction Documents 8 to 11 a.m. July 10 and July 11. This two-part online program is for entry-level architectural or engineer- ing designers, apprentices, entry-level tradespersons, project coordinators, assistant project managers, new proj- ect managers, estimators, specialty sales representatives, or anyone in career tran- sition looking for a refresher. Designed
JULY 12-28 AGC EDGE Project Manager Development Program 3 to 8 a.m. Mondays, Wednesdays and Fridays from July 12 through July 28. The Associated General Contractors of America Edge Project Manager Development Program is highly inter- active and offers construction-specific training developed and field-tested by and for contractors. The highly collab- orative virtual program provides instruc- tion via Zoom and training to prepare construction industry professionals with the necessary skills and knowledge to increase the participant’s ability to work successfully with others to ensure proj- ect success. Cost: $2,375.00; $1,695.00 for AGC members (includes all course materials). A webcam is required for participation. Info: education@agc.org . JULY 20 Advanced Business Planning for Contracting Firms 11 a.m. to 1:30 p.m. Featured speakers: Vladi Sasic and Charles Au. Topics include: business valua- tion, key employee retention, succes- sion and business exit planning. Cost: $45; free for Construction Financial Management Association members. Continuing education credit avail- able. Register online at cfma.org/ event-registrations/step1/1886 . JULY 21 Preparing for the Next Pandemic — Infectious Control in the Workplace 8 a.m. to noon July 21. The Building Industry Association of Hawaii pres- ents a free virtual training cover- ing: Workplace Safety Elements & Sanitation, Elements of an Infectious Disease Control Program, Training Staff & the Role of Management, Field Audits, Inspections & Improvements and Employee Rights & Responsibilities. Free. Call Eva Marie, (808) 629-7504; or Barbara, (808) 629-7505. COMING UP AUG. 4 Preparing for the Next Pandemic — Infectious Control in the Workplace 8 a.m. to noon Aug. 4. The Building
to quickly familiarize students with the basics of reading and understanding construction documents — from navi- gating title block information to comb- ing through specification documents, participants will learn how to navigate a project and understand the material and construction requirements. Cost: $395; $295 for GCA members. Info: Gladys Hagemann, (808) 833-1681.
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12 | BUILDING INDUSTRY HAWAII | JULY 2023
Everything from A to Z in HVAC including building automation controls.
AUG. 11-13
BIA Hawaii's August BIG Home Building & Remodeling Show, Aug. 11 through Aug. 13 at Blaisdell Center. homeshowhawaii.com
Industry Association of Hawaii pres- ents a free virtual training covering: Workplace Safety Elements & Sanitation, Elements of an Infectious Disease Control Program, Training Staff & the Role of Management, Field Audits, Inspections & Improvements and Employee Rights & Responsibilities. Free. Call: Eva Marie, (808) 629-7504; or Barbara, (808) 629-7505. Email info@biahawaii.org for more information. Registration is open for this year’s Hawai‘i Congress of Planning Officials, “Turning the Tide,” hosted by the City and County of Honolulu’s Department of Planning and Permitting from Sept. 6 through Sept. 8 at the Sheraton Waikīkī, 2255 Kalākaua Ave. The American Planning Association, Hawai‘i Chapter is partnering with the city to co-sponsor this year’s confer- ence, which promises to bring an engaging series of speakers, panel presentations and discussions, and exciting mobile workshops to show- case noteworthy planning endeavors on O‘ahu. Cost: $375 before Aug. 1. Late registration: $410; student registration: $325. hawaii.planning.org SEPT. 6-8 Turning the Tide SEPT. 29 12th Annual Charity CCIM Golf Tournament 11 a.m. Sept. 29 at Pearl Country Club, 98-535 Kaonohi St. Cost: $850 per three-person team; shotgun start at 11 a.m. Register online at ccimhawaii.org/meet-reg1.php?id=56.
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www.buildingindustryhawaii.com | 13
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Matsumoto & Clapperton Advertising
Date: 2.5.22
MAKANA ALOHA HAWAII GIVES Do your employees volunteer in their communities? Has your company recently donated money or supplies to a good cause? Building Industry Hawaii wants to know. Email details about your donation and a color photo to Paula Bender at paula@trademediahui.com, or scan the QR code on this page. PEI offers faster, easier, smarter repair materials the repair and restoration of concrete surfaces. PEI’s concrete restoration products lead the industry he repair of indoor and outdoor concrete flatwork. ncrete Restoration Systems
KOKUA FOR KEIKI PROGRAM DONATES TO NEIGHBORHOOD DOE SCHOOLS PHOTOS COURTESY ALEXANDER & BALDWIN
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Alexander & Baldwin announced it awarded $15,350 in cash grants to 13 local public schools that participated in its Kokua for Keiki program. The annual initiative helps raise money for schools in communi- ties near A&B-owned shopping centers. From December through January, Hawai‘i Department of Education schools partnered with eight A&B shop-
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Shoppers and diners were encouraged to support neighborhood schools by submitting holiday shopping receipts to the program. “This year, nearly 1,400 receipts were collected and converted into monetary awards for our partner schools to fund their educational priorities and enrichment programs,” said Kit Millan, senior vice president of asset management at A&B. Kokua for Keiki grants augment those of another A&B charitable program, Kokua Giving, which supports non-profit organizations across Hawai‘i. – Paula Bender
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14 | BUILDING INDUSTRY HAWAII | JULY 2023
GCA of Hawaii
Our advocacy efforts ensure the collective, unified voice of the construction industry is heard and that our concerns and perspectives are understood to make a positive difference for our state.
Our Unified Voice Makes a Difference The General Contractors Association of Hawaii was actively engaged in the 2023 legislative session, which adjourned on May 4, 2023. On behalf of our members, our advocacy efforts focused on opposing efforts to raise the cost of construction, supporting or opposing various procurement code amendments, and supporting state construction initiatives. Our Major Accomplishments:
✔ Thwarted eorts to increase cement costs and the overall cost of living, particularly on the neighbor islands, by op- posing a requirement that securing mooring lines from vessels requiring tug assis- tance to commercial docks, wharves, piers, quays, and landings be performed by a stevedoring company.
✔ Confirmed members with extensive construction procurement experience to the Procurement Policy Board. GM 589/GM 661, GM 590
✔ Reduced federal taxes by authorizing certain pass-through entities to elect to pay Hawaii income
✔ Advocated for the State Procurement Oce to develop a past performance database to determine an oeror’s responsibili- ty to avoid duplication. HB 113/SB 232
tax at the entity level. SB 1437 SD1 HD2 CD1
For a full GCA recap of the 2023 Legislative Session, scan QR code or visit https://www.gcahawaii.org/ legislative-priorities/
HB 714 HD1 SD1/ SB 824 SD2 HD1
gcahawaii.org
MAKANA ALOHA HAWAII GIVES
MAUI STUDENTS AWARDED $32K SCHOLARSHIPS
Yuna Lee and Jaysen Akahi- Vida are named 2023 CIM Bob Poulson CIM Scholars The Construction Industry of Maui has awarded two graduating Maui high school students Bob Poulson CIM Scholarships worth $32,500 each. The recipients are Jaysen Akahi- Vida, a Lahainaluna High School athlete who challenged himself academically and physically; and Yuna Lee, a student at Maui Preparatory Academy, who belongs to the school’s Student Senate, the National Honor Society and the GSA Club.
Akahi-Vida is pursuing a degree in Architecture and Civil Engineering from Whitworth University in Spokane, Washington. From his humble beginnings as a fourth-genera- tion pig farmer, Akahi-Vida says, “My dream is to one day become the owner of a world-class Maui-based business. And I would like to build this dream alongside a strong crew of construc- tion, planning and design industry professionals from my community.” When she was young, Lee devel- oped a passion for building and invent- ing products or gadgets with Legos or other available materials. She plans to attend Gonzaga University in Spokane, Washington, where she will major in engineering and minor in construction management and business. “My intent is to return to Maui after graduation and establish a busi- ness that constructs affordable, sustain- able homes for our communities,” Lee says. “My goal is to use my educa- tion, my love for Maui and work hard to improve my community and its future.” Bob Poulson, who cofounded Arita Poulson General Contracting LLC in 1986, was a steward of the Maui community and construction industry veteran. He’s remembered as a leader who enjoyed working alongside his employees and teaching young people from diverse backgrounds about the construction industry. The CIM scholarship is offered to students who are Maui County resi- dents, seniors or graduates from a county high school, and enrolled or entering a two- or four-year degree program in construction or design. CIM’s priority is to select students in pursuit of a degree in architecture, engineering, construction, landscap- ing or other applicable programs, who then bring the knowledge and skills they’ve acquired back to Maui to serve their communities. – Paula Bender
Yuna Lee, a 2023 graduate of Maui Preparatory Academy and Jaysen Akahi-Vida, a Lahainaluna High School 2022 graduate, are this year’s Bob Poulson CIM Scholars, each receiving $32,500 for their continuing education in the construction and design fields. PHOTO COURTESY CONSTRUCTION INDUSTRY OF MAUI
16 | BUILDING INDUSTRY HAWAII | JULY 2023
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Aloha mai ka-kou
Building Industry Hawaii once again proudly presents our highly anticipated Hawai‘i’s Top 25 Contractors and Noteworthy Contenders list for 2023. Mahalo to our participants, readers and sponsors who make it possible for Building Industry Hawaii to compile this who’s who of contractors for 36 straight years. Hawai‘i’s Top 25 Contractors list celebrates those of you who do the heavy lifting — many times,
literally. It’s our pleasure to present your hard work, challenges and successes to the general public. Building Industry Hawaii sincerely thanks you for your loyal partnerships and for helping make our Top 25 Contractors list an icon in the industry. We are proud to know every one of you. Mahalo again, and congratulations from all of us in the Trade Media Hui ‘ohana!
Amanda Canada Publisher
18 | BUILDING INDUSTRY HAWAII | JULY 2023
COMPLETED PROJECT WITH LAYTON CONSTRUCTION COMPANY, LLC THE PENTHOUSE AT THE RITZ-CARLTON RESIDENCES, WAIKIKI, HONOLULU
“First Pacific Builders has always been a competitive resource and great trade partner to work with. I look forward to working with them again on future projects.” Nathan Contreras Senior Project Manager Layton Construction Company
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380 Harmon Industrial Park Tamuning, Guam 96913 USA (671) 969-1808 LUZON / VISAYAS / MINDANAO 295 Loyola Street Obrero Davao City, Philippines (0917) 704-9491 / (0917) 851-7808 Joey Alcantara, CEO • joey.alcantara@firstpacificbuilders.com • FirstPacificBuilders.com M ember Philippine Constructors Association Inc. Member Philippine ACES (Architects, Contractors, Engineers, Suppliers)
STRENGTH, ENDURANCE, FLEXIBILITY Top 25 Contractors list shows muscle, ingenuity of local builders BY JASON GENEGABUS, BRETT ALEXANDER-ESTES, PAULA BENDER, LORRAINE CABANERO, CATHY CRUZ-GEORGE AND JACKIE M. YOUNG
I t’s been another exciting year in the dynamic world of Hawai‘i construction, and Building Industry Hawai ‘ i’s 36th annual ranking of the Top 25 Contractors only underscores how the local indus- try includes a striking tapestry of inspiring resilience, impressive gains and newcomers staking their claims. We begin with the power- houses — No. 1 Hawaiian Dredging Construction, No. 2 Nan Inc. and No. 3 Nordic PCL Construction Inc. — who dominated the industry in 2022 and maintained their positions for yet another year. But maintaining those positions didn’t come without battles of their own. Hawaiian Dredging faced a 5.8-percent shrink in revenue, from $608 million in 2021 to $573 million in 2022. Nordic also grappled with a contraction in revenue, dropping from $417 million in 2021 to $369 million last year — an 11.5-percent decrease. Meanwhile, amidst the dance for dominance, there was significant move- ment in this year’s Top 25 among the middle tier, where Hensel Phelps Construction Co. clawed its way from the fifth spot to fourth with a staggering $102,955,000 surge in revenue, grow- ing from $264 million to $367 million. No. 6 Goodfellow Bros. LLC and No. 7 Swinerton Builders also muscled their way upward, with both compa- nies seeing 53 percent revenue growth in 2022 over the previous year. And Unlimited Construction Services
jumped two spots to No. 9 with a robust 46 percent revenue increase, from $121 million in 2021 to $178 million last year. But the year wasn’t only about famil- iar names. The Top 25 welcomed three formidable companies to the list this year: Frank V. Coluccio Construction Co. Inc. at No. 10, with revenue of $133.7 million; Dorvin D. Leis Co Inc. at No. 11 with $123.7 million; and Moss Construction at No. 13 with $112.1 million in revenue in 2022. According to University of Hawaii Economic Research Organization, large public sector projects will become an increasingly important part of local construction activity. A plan by the U.S. Navy to spend $4 billion to update naval infrastructure is appear- ing in contracts at the local level. Government spending on roads is another significant source of recent construction contracts. In January and February, Hawaii Department of Transportation awarded
cyclical fluctuations, it will remain the most resilient segment of the local economy in the short term. Last year’s surprising jump in payrolls demon- strates the industry’s strength, and the large number of projects in the pipeline will employ an additional 2,000 work- ers by 2026, according to state projec- tions, bringing industry employment above 41,000 workers, the highest level on record. Yet, amidst the rankings shuffle and significant revenue changes, the overall narrative of the year remains the collective strength of Hawai‘i’s industry as a whole. Will newcomers solidify their position in the indus- try? Will top-tier veterans continue to hold their ground despite revenue challenges faced?
$200 million in funds for road improvement projects across Hawai‘i. The spending contin- ues investments enabled by generous federal funding. Cost and capacity pressures, as well as an uncertain future budget picture, mean that the boom in government construc- tion projects could recede in coming years, however. While the building indus- try is typically susceptible to
20 | BUILDING INDUSTRY HAWAII | JULY 2023
These are the top-performing contractors in Hawai‘i, based on 2022 revenue. The companies voluntarily submitted financial data to Building Industry Hawaii . CONTRACTORS
(NEW) New to the rankings (NC) A "Noteworthy Contender" in the 2022 rankings (NOT RANKED) Company was not on the 2022 list (N/A) Data not available
REVENUE ($ MILLIONS)
RANK
COMPANY NAME
% CHANGE
2023
2022
2021
2022
-5.8% 6.2%
$608.0 $438.8 $417.0 $264.0 $316.3 $188.2 $143.0 $182.4 $121.6
1 2 3 4 5 6 7 8 9
$573.0 $465.8 $369.0 $367.0 $309.0 $288.0 $219.0 $210.4 $178.1 $133.7 $123.7 $117.3 $112.1 $107.0 $106.4 $103.2
Hawaiian Dredging Construction Co. Inc.
1 2 3 5 4 7 9 8
Nan Inc.
-11.5% 39.0% -2.3% 53.0% 53.0% 15.3% 46.4% 53.1%
Nordic PCL Construction Inc. Hensel Phelps Construction Co.
Albert C. Kobayashi Inc. Goodfellow Bros. LLC
Swinerton Builders
Kiewit Infrastructure West Co.
Unlimited Construction Services Inc.
11
$87.3 (N/A)
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Frank V. Coluccio Construction Co. Inc. (NEW)
NOT RANKED NOT RANKED
(N/A)
Dorvin D. Leis Co. Inc.
-38.3% -18.6% 45.4% -21.9%
$191.3 $137.7
Layton Construction Co. LLC Moss & Associates (NEW) Maryl Group Construction Inc. Royal Contracting Co. Ltd. Coastal Construction Co. Inc. Wasa Electrical Services Inc.
6
NOT RANKED
$73.6
14 10 13 12 17
$136.3 $101.2 $111.0
2.0%
-14.4% 45.9%
$95.0 $88.1 $78.7 $73.2 $55.8 $49.5 $47.0 $41.4 $40.7 $36.8 $36.6 $36.0 $31.0 $30.0 $28.0 $19.3
$60.4 (N/A) $60.3 $54.6 $68.1 $57.0 $42.2 $67.3 $32.3 $32.5 $27.5 $33.0 (N/A) $32.7 $20.7
Allied Builders System
(N/A)
Alaka‘i Mechanical Corp. (NEW) Isemoto Contracting Co. Ltd. Armstrong Builders LLC Ralph S. Inouye Co. Ltd. Shioi Construction Inc. Healy Tibbitts Builders Inc.
NOT RANKED
21.4% -7.5% -27.3% -17.5%
18 20 15 19 21 16
-1.8%
-39.5%
Group Builders Inc.
NOTEWORTHY CONTENDERS NC NC
13.8% 12.5% 28.6% -6.0%
Alan Shintani Inc. S&M Sakamoto Inc.
NC NC NC NC NC NC
24
Metzler Contracting Co. LLC
NC
Paradigm Construction LLC (NEW) Mira Image Construction LLC (NEW) Arita Poulson General Contracting LLC
NOT RANKED NOT RANKED
(N/A)
-14.4%
23
-6.9%
Constructors Hawaii Inc.
NC
www.buildingindustryhawaii.com | 21
A DECADE OF HARD WORK (in billions) Combined annual revenue of the Top 25 Contractors from 2013 to 2022
5
$4.4
$4.2
$3.8
$3.8
4
$3.6
$3.4 $3.4 $3.4
$2.9
3
$2.5
2
1
0
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
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AND INSULATION MATERIAL MERCHANT WHOLESALERS
NAICS 423390: OTHER CONSTRUCTION MATERIAL MERCHANT WHOLESALERS
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22 | BUILDING INDUSTRY HAWAII | JULY 2023
Congratulations! We are pleased to congratulate all of this year’s Top 25 Contractors! Your skill and hard work in the construction industry sets you apart and we wish you and your company continued success for years to come.
FHB.com
Member FDIC
## # 1
HAWAIIAN DREDGING CONSTRUCTION CO. INC. hdcc.com
Hawaiian Dredging built Bank of Hawaii’s Hilo Banking Center in 2022. PHOTO COURTESY HAWAIIAN DREDGING CONSTRUCTION CO. INC.
L eading the 2023 Building Industry Hawaii list of Hawai‘i’s Top 25 Contractors for the 18th year in a row, Hawaiian Dredging Construction Co. Inc. remains the cleanup hitter of Hawai‘i construction, with the ability to take on any project and knock it out of the ballpark. The state’s largest general contractor also takes market instability in stride. Founded in 1902, Hawaiian Dredging performs 30
include Maui Bay Villas Phase 1, Bank of Hawai‘i’s Hilo Banking Center, renova- tions at the Outrigger Reef Waikīkī Beach Resort, the construction of Kamakee Vista and a Hamakua Energy Cooling Tower Replacement project.
2022 REVENUE: $573M
YEARS IN HAWAI‘I: 121
EMPLOYEES: 740
Gerry Majkut
“As we look back at 2022, the construction market was still strong, even considering higher interest rates and overall inflation,” says Gerry Majkut, Hawaiian Dredging president. Ongoing 2023 projects comprise Victoria Place, Ililani and Kokua, three Honolulu high- rises; Phase 1B construction at the Wailuku Civic Center; six large infrastructure projects and multiple military jobs. One of the military jobs, the Navy’s FY23 MCON Project P-209, Dry Dock 3 Replacement, is a joint venture between the company, Dragados and Orion, and is reshaping the land- scape at Joint Base Pearl Harbor-Hickam. “The Hawai‘i construction market looks good for 2023,” Majkut says. “Of course, the market could change, but it seems that with the need to update our infrastructure, the demand for affordable housing, the [Navy’s] Shipyard Infrastructure Optimization Program, the New Aloha Stadium Entertainment District, and with the possibility of tourism continuing to rebound, all suggest that 2023 has the potential to be a good year for the construction market in Hawai‘i.” – Brett Alexander-Estes
percent of its projects in the public sector and subcontracts about 58 percent of its work. The company earned $573 million in 2022 revenue, down 5.8 percent from $608 million reported in 2021. Hawaiian Dredging
completed seven sizable proj- ects last year. In Kaka‘ako, it built Ko‘ula, a luxury high-rise featuring state- of-the-art technology. As part of project group Core Tech-HDCC-Kajima LLC, it helped build an urban combat village on Guam. Other projects finished last year
K ō ’ula, a Ward Village luxu- ry condominium completed by Hawaiian Dredging last year, features innovative design and technology. PHOTO COURTESY WARD VILLAGE
24 | BUILDING INDUSTRY HAWAII | JULY 2023
Kō‘ula at Ward Village, Courtesy of Ward Village
Kamake‘e Vista Renovation
Kapaa Stream Bridge
Hamakua Cooling Towers
Halewai‘olu Senior Residences Micropiles
## # 2
NAN INC. nanhwawaii.com
Nan Inc. is GC on the Hawai‘i State Veterans’ Home project in Kapolei. PHOTO COURTESY NAN INC.
N an Inc. is ranked second among Hawai’i’s Top 25 Contractors in 2023, repeating its second-place finish in 2022 and marking the fifth time the general contractor has occupied the position in the past 10 years. Nan’s revenue is growing,
2022 REVENUE: $465.8M
YEARS IN HAWAI‘I: 33
EMPLOYEES: 761
too, up 6.2 percent from $438.8 million in 2021 to $465.8 million in 2022. The company has 761 employees in Hawai‘i and subcon- tracts 50 percent of its work. Also in 2022, Nan welcomed Sungwon Baik, Building Estimating vice president and Ed Shukri, Civil Estimating vice president to the company. According to self-reported data, 82 percent of Nan’s work last year was in the public sector. Completed 2022 projects include baggage claim handling systems improvements and Overseas Terminal Phase 1 construction for the Hawai‘i Department of Transportation at Daniel K. Inouye International Airport ($25.1 million), and construction of the Apra Medical/Dental Clinic at Naval Base Guam ($66.5 million). The company also continues to build on Guam, with ongoing projects and scheduled completion dates including the $104.5 million P-459 Bachelor Enlisted Quarters H at Naval Base Guam (expected completion in April), and the $206.8 million J-031 Bachelors Enlisted Quarters D & F at Marine Corps Base Guam
Nan Inc. is currently building East Kapolei Middle School Phase 3 (classroom and physical education buildings in foreground with completed Phases 1 and 2 directly behind). PHOTO COURTESY NAN INC.
(expected completion in September). Back on O‘ahu, ongoing projects include the $122.6 million P-911 Bachelor Enlisted Quarters at Marine Corps Base Hawaii, the Daniel Kahikina Akaka Department of Veterans Affairs Community-Based Outpatient Clinic in Kalaeloa and East Kapolei Middle School. “The forecast for Hawai‘i’s building industry still remains positive in the near term,” says Nan Inc. Vice President Ryan Nakaima. “But more in the public and military sectors, as inflation is expected to continue its gradual decline.” Yet other impacts, like rising interest rates, supply-chain issues and extended material/equip- ment lead times, “remain at the forefront of discussion,” Nakaima says. “Fortunately, Nan Inc. was successful in securing a considerable amount of work in 2022 to sustain us well into 2024 and beyond.” – Brett Alexander-Estes
Ryan Nakaima
“Nan Inc. was successful in securing a considerable amount of work.” –Ryan Nakaima, Vice President
26 | BUILDING INDUSTRY HAWAII | JULY 2023
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## # 3
NORDIC PCL CONSTRUCTION INC. nordicpcl.com
D espite major projects — including the new Lilia Waikīkī, a F-22 Fighter Alert Facility and renovations to the Grand Wailea on Maui and Kahala Mall on O‘ahu — Nordic PCL Construction Inc.’s revenue dropped 11.5 percent to $369 million in 2022. But it was expected. “We weren’t surprised by the reduction, due to missed opportunities combined with delays arising from financing for private [projects] and building permit approvals,” says Glen Kaneshige, CEO and president of Nordic. The company’s standout project last year was Lilia Waikīkī, a rental apartment community with high-end amenities. Not only did it receive an award of excellence from the Engineering News-Record, but it was also the first high-rise, multi-family rental property developed by private developer Brookfield Properties in more than two decades.
2022 REVENUE: $369M
YEARS IN HAWAI‘I: 85
EMPLOYEES: 250
Loulu, a wellness-focused cafe at the Grand Wailea, underwent renovations by Nordic PCL in 2022. PHOTOS COURTESY NORDIC PCL
Recalls Kaneshige, “Lilia Waikīkī was underway when the pandemic shutdown went into effect, so our project team was challenged with managing the construction through an unprecedented period of fear in the workforce, constantly changing health protocols and supply chain disruptions.” This year, Kaneshige says construction remains “surprisingly strong,” despite a possible recession looming later this year. Ongoing projects for 2023 include the 1 Hotel Hanalei (completed in June), room renovations at the Grand Wailea (expected completion in October), and structures at Maui’s Kihei High School and the Hawaii Electrician Pension Fund building on O‘ahu (both completed in March). Next year brings renovations to Schofield Barracks Buildings 2075/2076 and the King Kalakaua Plaza in Waikiki. In addition, the company says Halawa View Apartments is scheduled for completion in 2025. – Cathy Cruz-George “Safety is every employee’s responsibility at Nordic PCL regardless of their role in the company. Furthermore, it is the company’s commitment to every worker that they have the right to go home every day in the same condition in which they arrived.” –Glen Kaneshige, president
Glen Kaneshige
The 28-story Lilia Waik ī k ī , completed in 2022, features luxury rental apartments.
28 | BUILDING INDUSTRY HAWAII | JULY 2023
TOGETHER WE BUILD SUCCESS
1099 Alakea Street, Suite 1600 Honolulu, HI 96813 www.nordicpcl.com I 808.541.9101 Lic. No. ABC-17
## # 4
New U.S.Army Command and Control Facility at Fort Shafter Phase 3 was completed by Hensel Phelps last year. PHOTO COURTESY ANDREW RICHARD HARA
HENSEL PHELPS henselphelps.com
H ensel Phelps moves up a notch to the No. 4 position among Hawai‘i’s Top 25 Contractors this year. The general contractor earned $366,955,000 in 2022, a 39 percent gain over the $264,094,000 earned in 2021. Its Hawai‘i workforce is also larger, with 40 employees added since 2022. Based in Greeley, Colorado, Hensel Phelps tack- les some of Hawai‘i’s largest and most complex projects — 90 percent of them in the public sector — and subcontracts 75 percent of its work. “There was [a] significant decrease in private building permits last year, which means the focus has shifted from private to public sector work,” says Thomas J. Diersbock, Hensel Phelps regional vice president. Focusing on its public sector lineup, Hensel Phelps is ready. Completed 2022 work includes a consolidated training center and renovated facility at Joint Base Pearl Harbor-Hickam, the USARPAC Command and Control Facility (C2F) Phase 3 at Fort Shafter and a corrosion control hangar at Marine Corps Base Hawaii. In the private sector, the firm completed renovations on the Grand Wailea Resort’s Grand Dining Room and Botero Lounge. “We have also focused on both public and federal wastewater markets and have been steadily acquiring projects in that sector,” Diersbock reports. The firm also won the 2022 GCA of Hawaii
2022 REVENUE: $366.9M
YEARS IN HAWAI‘I: 30
Build Hawaii Awards grand prize for delivering Kaiser’s new West O’ahu medical office building. Hensel Phelps’ 17 ongoing 2023 projects include 12 for the U.S. Department of Defense, with seven projects in Guam and the Pacific, along with four wastewater treatment facilities. One, the Synagro Bioconversion Facility upgrades at O‘ahu’s Sand Island treatment plant, continues through October 2028. Ongoing private sector projects include the Grand Wailea Resort Spa Grande renovation, set to wrap in January, and Kaiser Permanente’s Capital Projects Program, slated for a December close. While most new federal construction funding is going towards transportation-related projects, “military installments across Hawai‘i will also benefit to include missile defense, enlisted hous- ing, water and wastewater improvements and harbor repairs,” Diersbock says. “We continue to position ourselves to support this increased federal work in the Pacific Region.” – Brett Alexander-Estes Hensel Phelps completed the Grand Wailea Resort Botero Lounge renovations in 2022. PHOTO COURTESY BRE RESORTS
EMPLOYEES: 366
Thomas J. Diersbock
30 | BUILDING INDUSTRY HAWAII | JULY 2023
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