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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
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