Business building for B.C.’s top construction companies


B.C.’s top construction companies have been little affected by the pandemic, according to data collected on Business in Vancouver’s Biggest Construction Companies in B.C. list (https://biv.com/lists).

Their average billings grew 21.4% to $314.8 million in 2020 from $259.2 million in 2019. This was roughly the same as 2019’s 22% increase reported compared with $212.5 million the previous year. Median billing growth slipped in 2020 from 29.1% to 22.4%, suggesting that smaller companies lower on the list grew less than their larger counterparts.

No. 17 Bosa Construction Inc. recorded the largest increase in billings: up 65.7% to $58 million in 2020 from $35 million in 2019.

ETRO Construction (No. 19) suffered the largest decline on the list. Its billings fell 32.1% to $46.3 million in 2020 from $68.2 million in 2019. While the average revenue of the top construction companies has grown steadily over the past five years, the same can’t be said for employment, which took a large dip in 2019, but has been increasing steadily ever since.

Average employment at the top construction companies grew 15.2% to 335.9 employees during the pandemic from 291.7 in 2019.

The growth occurred following a 13.2% employment decline in 2019. Average employment in 2021 increased 27.3% to 427.8 employees. Median employment jumped by 73.4% to 277.5 employees in 2021, almost three times the growth of average employment and nearly doubling the median number of employees in 2020.

 





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