VCC Climbs to No. 1 with Revenue of $607M

by George Waldon  on Monday, Apr. 28, 2014 12:00 am  

Business among the largest Arkansas general contractors was down as a group during 2013. Nine of the firms on this year’s list of largest commercial contractors recorded revenue gains while 13 reported declines. Three firms reported no change.

Combined 2013 revenue for the top 25 companies was down to just under $1.9 billion, a decline of about 9 percent compared with 2012.

VCC of Little Rock topped this year’s list with revenue of $607 million. A 15.6 percent gain helped push the company past last year’s No. 1: Nabholz Construction Corp. of Conway.

“We continued to build on our core repeat business by staying diversified with multi-family, health care, office and hospitality projects,” said Sam Alley, chairman and CEO of VCC. “Project sizes have also increased significantly in the past 12-18 months. 2014 should be a banner year for VCC. Our company is pushing forward to some project openings that will be historic for us.”

The biggest move on this year’s roster was posted by Dayco Construction Inc. of Damascus. Revenue more than doubled from 2012 to 2013, which took the company from No. 25 to No. 15 at $30 million.

“We had a real good turn, even though the economy hasn’t,” said Russ Mahan, controller at Dayco. “We’ve been fortunate to stay in the public sector.

“We’re bidding jobs left and right. You just never know. There’s a lot of work out there.”

Bid jobs in the public sector has been the company’s historical business realm, but Mahan said Dayco is responding to more and more requests for qualifications related to construction management work.

“That takes you out of the public bid process and puts you into more of a political situation,” he said regarding construction management. “But you have to do it to chase work.”

Business at No. 3 CDI Contractors LLC of Little Rock, a subsidiary of Dillard’s Inc., was noted in the retailer’s annual report for the 12 months ending Jan. 31:

“Net sales from the construction segment decreased $11.5 million or 11 percent during fiscal 2013 as compared to fiscal 2012 due to a shift in the timing of certain construction projects. The backlog of awarded construction contracts at Feb. 1, 2014, totaled $196.5 million.”

CDI’s revenue for the fiscal year that ended Feb. 1 was $129.5 million, which included $35 million worth of work done for Dillard’s.

 

 

Please read our comments policy before commenting.