• Raffuel Surety Group

Top International Contractors of 2018

Updated: Feb 11, 2019

Engineering News Record's annual Top 250 International Contractor list

Image courtesy of:

At Raffuel Surety Group, and for members of the Surety Alliance, the ebbs and flows of the international construction market are impacting clients and projects more than ever. Having a pulse on the market is a must with cross-border competition and merger & acquisition activity on the rise, as more international contractors are bidding for projects in the US and outside their local territory.

Engineering News Record’s last annual ‘Top 250 International’ was released this past August. Each year ENR publishes insights into the globalized construction and engineering industry directly surveying top contractors around the world about their activity in the marketplace, economics, trends and future outlooks. As this list points out, ‘firms are ranked based on contracting revenue from projects outside of their home countries, measuring their presence in international commerce.’

What follows are several note-worthy data points presented in the report:

The Top 250 International Contractors reported $482.40 billion in contracting revenue in 2017 from projects outside their home countries, up 3.1%, from $468.12 billion, in 2016. This rise comes after three straight years of revenue declines among the Top 250. As a group, firms also reported $1.043 trillion in revenue from domestic projects in 2017, up 12.4%, from $927.94 billion in 2016.
Among regions, the U.S. was the biggest gainer, up 12.2%, to $60.14 billion, in 2017. Asia and Europe, the biggest regional markets for the Top 250, also saw gains in 2017, rising 6.1% and 6.4%, respectively.
The international market in the Middle East, the third-largest market for the Top 250, fell by 3.1% to $81.40 billion in 2017. Latin America, where many countries are in economic turmoil, saw the biggest decline among the Top 250, falling 12.1% last year. And the Canadian market, which is powered by its huge oil sands work, was down for the fifth straight year.

The US saw a trend reversal with a sizable gain from 2016 to 2017 compared to its peers. While the US economy remains healthy and in a sustained growth pattern, Europe, South America and now Asian markets are more troubling. With recent and looming global economic events (i.e. Brexit), overall market volatility, trade concerns and the US infrastructure bill still in limbo, whether this upward trend persists is not clear.

Most concerning is the global economic climate regarding US foreign relations as it pertains to China. Chinese contracting firms are a continued threat with aggressive financing. The introduction of tariffs and a bubbling trade war invite a new set of overarching economic and political complications.

While a strong 2018 report, the only certainty at the moment is continued uncertainty into 2019. However, projects are abound, thus opportunity continues to exist and should remain for years to come.

Source: “2018 ENR’s Top 250 International Contractors Full Report”

The Top 250 International List

Source: “2018 ENR’s Top 250 International Contractors Full Report”

#InternationalSurety #SuretyBonds #GeoPolitics

It all starts with our Mission Statement. Understanding your business and your needs. But it goes deeper. We bring balance and insight to the situation. Our experience puts us in a unique consultative role. That alone is valuable, but without the right markets it's a tree falling in the forest kind of thing. We represent the broadest possible array of surety companies in the business with worldwide capabilities, both traditional and innovative. There isn't an answer for everything, but if it exists, we'll find it. 

We can help.