The combined turnover of Ireland’s top construction firms has increased by €720million on last year according to Construction Magazine’s annual Top 50 CIF Contractors listing for 2018.

The annual listing gives a snapshot of the overall growth in Irish construction as it delivers many largescale projects throughout Ireland and the world, attracting foreign direct investment to Ireland and exporting over €1.6bn in construction expertise.

According to Construction Magazine’s figures the Top 50 Irish Contractors reported a combined turnover of €6.72billion over the last 12 months, with €5.1billion of this activity taking place in Ireland and a €1.62billion resulting from exported construction services.

Ireland’s Top50 Contractors list was revealed at an exclusive event last night (Tuesday 3rd July) in Dublin as industry leaders gathered to see how their firm ranked and celebrate a successful year of increased business despite the challenges that remain for the sector.

Robbie Cousins, Construction Magazine Editor said: “This is an impressive result, even more impressive when the lack of balanced regional development and the slow rate of recovery in housing is taken into consideration. The Top50 listing gives a clear indication that construction is a dynamic industry sector looking to the future with vigour and ambition to deliver complex construction programmes at home and overseas.”

Tom Parlon, Director General, CIF said: “Irish main and specialist contractors are absolutely critical to the Irish economy’s competitiveness. The largest corporations in the world locate in Ireland for many reasons. But, if our main and specialist contractors were not world-class they would never establish a footprint here. Ireland is working because this sector is working.

“Without the success of Irish construction, we would not have had the ability to attract tech-savvy and forward-thinking multinationals like Linkedin, Google, Facebook, Eli Lilly to name but a few, and this is now recognised by the IDA and the wider Government apparatus.

“The construction industry is changing, we are innovating and leading the way in how we implement new and improved technology, how we attract and retain workers and how we work together more generally. We have emerged from the depths of the recession leaner, more modern, sustainable, adaptable and resilient. But there are significant improvements, that still need to be made in order to preserve and support our sector’s recovery into the future.

We must enable more companies to grow and become world-leaders. To do this, we need the Government to set out an export-led growth strategy for this important sector. We also need to fix our procurement system here at home and ensure the right supports are in place to help build companies of scale. Finally, we must also work to attract workers back into the industry and make the process of moving home from abroad and gaining work in the sector more streamlined.”

Minister of State at the Department of Finance and Public Expenditure and Reform, Patrick O’Donovan said: “May I be the first to congratulate all the companies, their employees and, of course, their clients who have contributed to what has been yet another progressive year for the construction sector.  The increase in turnover and employment levels across the various sectors is most welcome from Government’s perspective.  It reflects an economy that has shown an average of 4.4% growth in the years 2013 – 2017 with unemployment figures down from 16% in 2012 to just below 6% in April of this year.

“The increase in export activity demonstrates growing diversity that will stand the sector in good stead in more challenging economic times. Government’s commitment to advancing digital technologies in the delivery of the National Development Plan will further expand the sector’s export potential.

“There is evidence too that the recovery in the sector is spreading beyond the urban centres where the ‘green shoots’ were first seen in 2013. Recent analysis also highlights a welcome increase in residential construction activity whilst growth in other areas remains strong.

“Our workforce is internationally renowned for its skills, professionalism and innovation which has contributed to sustained investment, even during the toughest years of the recession.  In this regard, the construction sector has played a key role in the recovery both in the construction of vital public and social infrastructure but also attracting inward investment by recording extremely positive outcomes amongst the sectors’ large, multinational client bodies.

“Confidence levels in the Irish economy are undoubtedly high but it would be remiss not to mention the challenges; housing, Brexit and the current uncertainty in global trade arrangements have the potential to impact further growth.

“Skills shortages and the persistently low margins that are evident in certain sectors are challenges that are particular to the construction industry. Skills shortages allied with the uncertain global trade situation are likely to increase inflationary pressure in the short to medium term whereas low margins are impacting relationships and payments in the extensive construction supply chain. If not addressed, the capacity for the industry to grow is limited.

“Government is committed to working with industry to manage these challenges. Indeed, it is imperative so that all citizens and businesses may enjoy the benefits of the substantial investment that will accompany the National Development Plan.

“I look forward to positive engagement with the industry over the coming months as we consider the optimum means of procuring the necessary expertise to deliver Ireland 2040 in a sustainable, efficient and cost-effective manner.”

 

The Construction Magazine Top 50 CIF Contractors 2018 listing is as follows:

1.      John Sisk & Son (Holdings) Limited

 

€950,000,000

 

2.      Mercury Engineering

 

€600,000,000

 

3.      BAM Civil Ltd

 

€470,000,000

 

4.      John Paul Construction Ltd

 

€360,000,000

 

5.      Jones Engineering Group

 

€350,000,000

 

6.      Bennett (Construction) Ltd

 

€325,000,000

 

7.      JJ Rhatigan & Company

 

€245,000,000

 

8.      Dornan Engineering Ltd

 

€218,400,916

 

9.      Roadbridge

 

€213,997,269

 

10.  Winthrop

 

€208,000,000

 

11.  P J Hegarty & Sons U.C.

 

€205,000,000

 

12.  Collen Construction

 

€200,000,000

 

13.  mac-group

 

€185,000,000

 

14.  Kirby Group Engineering

 

€167,620,000

 

15.  Walls Construction Ltd

 

€162,601,921

 

16.  Designer Group Engineering Contractors Ltd

 

€151,000,000

 

17.  Suir Engineering Ltd

 

€122,000,000

 

18.  Ardmac Limited

 

€107,063,334

 

19.  Flynn Management & Contractors Ltd

 

€105,999,557

 

20.  Specialist Technical Engineering Services (STS Group)

 

€98,900,000

 

21.  Stewart Construction

 

€98,000,000

 

22.  Murphy International

 

€84,000,000

 

23.  SIAC Construction Ltd

 

€80,500,000

 

24.  Wills Bros Ltd

 

€70,000,000

 

25.  L & M Keating Ltd

 

€67,000,000

 

26.  Leo Lynch Group

 

€62,540,000

 

27.  Ganson Building & Civil Engineering Contractors Ltd

 

€60,369,983

 

28.  Duggan Brothers (Contractors) Ltd

 

€49,767,200

 

29.  Monami Construction Ltd

 

€45,101,228

 

30.  Purcell Construction Limited

 

€44,000,000

 

31.  Kilcawley Building & Civil Engineering (Sligo) Ltd

 

€42,100,000

 

32.  Gaeltec Utilities Limited

 

€41,773,000

 

33.  MDY Construction Ltd

 

€38,481,326

 

34.  Clancy Project Management Ltd t/a Clancy

 

€38,028,030

 

35.  Glenman Corporation Ltd

 

€37,000,000

 

36.  Radley Engineering Ltd

 

€36,432,204

 

37.  Lynskey Engineering Ltd

 

€36,290,710

 

38.  BMD & Company Limited

 

€34,585,458

 

39.  Glenbeigh Construction Limited

 

€30,053,407

 

40.  David Flynn Ltd

 

€29,400,000

 

41.  Jons Civil Engineering Co Ltd

 

€29,000,000

 

42.  MMD Construction Cork Ltd

 

€28,744,559

 

43.  Mythen Construction Limited

 

€28,465,172

 

44.  Vision Contracting Ltd

 

€27,734,526

 

45.  T&I Fitouts Ltd

 

€27,113,921

 

46.  Buttimer Engineering

 

€25,156,124

 

47.  Townlink

 

€24,482,380

 

48.  Clonmel Enterprises Limited

 

€22,328,927

 

49.  John Cradock Ltd, Civil Engineering Contractors

 

€21,000,000

 

50.  Tritech Engineering

 

€18,000,000

 

Top 50 Total

 

€6,723,031,152

 

 

 

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