2 TOP 25

HAWAII’S TOP 25 CONTRACTORS

YES! THERE IS A SILVER LINING!

By Judith Shinsato, Lee Schaller, Jason Soeda and Jocelyn Nystrom

TOP 25 3 3

A fter several years of a devas-tatingly down economy, creat-

ing an industry-wide framework of plunging revenues, stalled or can-celled projects and — especially difficult in Hawaii’s ohana-oriented workforce — employee layoffs, the tide seems to be turning!

In 2011, for the first time since 2008, there was an increase in the total revenue of the 25 companies that make up our latest Top 25. Total revenue in 2011 was $2.642 billion, an INCREASE of $102 mil-lion over 2010!

The increase, although not record-setting by any means, becomes particularly significant when we remember that in 2009 there was almost a billion dollar decrease from 2008. In 2010, there was an-other total revenue decrease, this time $444 million less than in 2009.

What all of this hopefully means is that we are on the way back, we’ve turned the corner, we’re finding our way out of the woods — how-ever you would like to phrase it, it’s a positive sign. And at this point, after the tough times you all have endured, we’ll take whatever up-beat news we can find!

In more specific Top 25 statistics, 14 of you showed increased rev-enues for 2011 compared with 10 in 2010 and six in 2009. Eleven Top 25 companies experienced a de-crease in revenues in 2011, fewer than the 15 companies in 2010 and 19 in 2009.

Looking at the ranking on the Top 25 list, Hawaiian Dredging Con-struction Co., Inc. holds tight to the No. 1 position for the seventh year in a row!

The biggest leap upward on the list was made by Albert C. Kobayashi, Inc., going from the 13th position last time around to No. 4 in 2011. In a rare tie for ranking, the No. 4 spot is shared with Nan, Inc., who apparently did not want to relinquish the ranking it also held last year.

Swinerton Builders also made a big move up, jumping seven slots from 14th place in 2010 to No. 7 in 2011 — the company also advanced seven places in 2010 over 2009. (Seven, seven, seven — anyone at Swinerton heading for Vegas soon?)

Also making a huge move up the list is Ledcor Construction Hawaii, LLC, climbing from the 19th spot in 2010 to No. 13.

There was not a significant difference in the amount of public work performed by our Top 25 in 2010 but one statistic that did show change, and perhaps also reflects a positive sign, was the increased number of employees in several companies. Nordic PCL Construction, Inc., for example, went from 92 to 150 employees,

Swinerton from 68 to 210, dck pa-cific construction, LLC from 100 to 200, Watts Constructors from 275 to 373, Delta Construction Corp. from 185 to 260, and there were more increases.

With a little preview into some of the other statistics, Top 25 facts and interesting trivia you will find elsewhere in this special section, we will tell you that our Top 25 companies have a heavy stake and longtime commitment to Hawaii, with at least 10 of them having more than a half century of history here.

Bottom line? It looks a little bright-er out there. You have toughed it through with determination, innovation — and style. There still may be difficult times ahead, but hopefully, the worst is behind us.

A tip of the hard hat to each and every one of you. Imua!

READY FOR A LITTLE GOOD NEWS?

4 TOP 25

HAWAII’S TOP 25 CONTRACTORS 2011*

(* Building Industry magazine’s Top 25 list represents only those companies that responded to our requests for information.)

1) Hawaiian Dredging Construction Co., Inc. $355.00 (million)

2) Kiewit Corp. $250.40

3) Grace Pacific Corp. $192.00

4t) Albert C. Kobayashi, Inc. $182.00

4t) Nan, Inc. $182.00

6) Nordic PCL Construction, Inc. $160.00

7) Swinerton Builders $125.50

8) dck pacific construction, LLC $116.00

9) Parsons RCI, Inc. $111.70

10) Coastal Construction Co., Inc. $106.00

11) Watts Constructors, LLC $96.20

12) Delta Construction Corp. $94.00

13) Ledcor Construction Hawaii LLC $82.00

14) Dorvin D. Leis Co., Inc. $72.95

15) Isemoto Contracting Co., Ltd. $72.90

16) Unlimited Construction Services, Inc. $61.15

17) Wasa Electrical Services, Inc. $58.10

18) Allied Builders System $47.60

19) Group Builders, Inc. $46.30

20) Alakai Mechanical Corp. $45.60

21) Charles Pankow Builders, Ltd. $43.41

22) Shioi Construction, Inc. $43.30

23) Honolulu Builders, LLC $40.30

24) Ralph S. Inouye Co., Ltd. $29.40

25) Royal Contracting Co., Ltd. $28.43

6 TOP 25

CONTENTS

Company ProfilesAlakai Mechanical Corp. 51Albert C. Kobayashi, Inc. 17Allied Builders System 46Allied Pacific Builders, Inc. 72Arita Poulson General Contracting, LLC 64Charles Pankow Builders, Ltd. 52Coastal Construction Co., Inc. 29dck pacific construction, LLC 26Delta Construction Corp. 34Dorvin D. Leis Co., Inc. 38Grace Pacific Corp. 14Graham Builders, Inc. 73Group Builders, Inc. 49Hawaiian Dredging Construction Co., Inc. 10Healy Tibbitts Builders, Inc. 71Honolulu Builders, LLC 56Isemoto Contracting Co., Ltd. 40Kiewit Corp. 13Koga Engineering & Construction, Inc. 65Ledcor Construction Hawaii, LLC 37Nan, Inc. 18Nordic PCL Construction, Inc. 22Nova Group, Inc. 66Parsons RCI, Inc. 29Ralph S. Inouye Co., Ltd. 58Royal Contracting Co., Ltd. 59Shioi Construction, Inc. 54Swinerton Builders 24Unlimited Construction Services, Inc. 42Wasa Electrical Services, Inc. 44Watts Constructors 32

Editorial HighlightsAnniversaries 50Competition Chart 55Corporate Headquarters 36Effective Executives 30Homebase Historic Chart 36Oldest Companies 33Past lists 8Quick Quips 60Revenue Overview 62Survey Highlights 68Top Employers 38Websites 21

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8 TOP 25

PAST LISTS

2010 (Figures as furnished in 2011 by the 2010 Top 25 listees)

1. Hawaiian Dredging Construction Co., Inc. $432.00 (million)2. Grace Pacific Corp. $217.003. dck pacific construction, LLC $191.004. Nan, Inc. $159.105. Nordic PCL Construction, Inc. $146.006. Watts Constructors $125.077. Coastal Construction Co., Inc. $117.008. Kiewit Infrastructure West Co. $111.009. Parsons $94.3010. Delta Construction Corp. $91.0011. Dorvin D. Leis Co., Inc. $90.0412. Wasa Electrical Services, Inc. $90.0013. Albert C. Kobayashi, Inc. $80.0014. Swinerton Builders $73.4015. Isemoto Contracting Co., Ltd. $71.9016. Group Builders, Inc. $66.4017. Charles Pankow Builders, Ltd. $59.7018. Allied Builders System $47.6019. Ledcor Construction Hawaii, LLC $46.0020. Healy Tibbitts Builders, Inc. $44.7821. Alakai Mechanical Corp. $44.3122. Kiewit Building Group, Inc. $43.2023. Ralph S. Inouye Co., Ltd. $39.5024. Sunrise Construction, Inc. $31.0025. Honolulu Builders, LLC $29.51

2009 (Figures as furnished in 2010 by the 2009 Top 25 listees)

1. Hawaiian Dredging Construction Co., Inc. $345.00 (million)2. dck pacific construction, LLC $245.003. Ledcor Construction Hawaii, LLC $207.254. Grace Pacific Corp. $188.005. Nordic PCL Construction, Inc. $173.006. Watts Constructors, LLC $165.707. Nan, Inc. $151.308. Unlimited Construction Services, Inc. $129.109. Albert C. Kobayashi, Inc. $121.0010. Pankow $115.1811. Coastal Construction Co., Inc. $114.8412. Kiewit Building Group Inc. $106.0013. Kiewit Pacific Co. $100.0014. Parsons $98.3015. Delta Construction Corp. $95.0016. Wasa Electrical Services, Inc. $89.8017. Group Builders, Inc. $88.0618. Isemoto Contracting Co., Ltd. $81.6019. Dorvin D. Leis Co., Inc. $77.1620. Healy Tibbitts Builders, Inc. $68.8021. Swinerton Builders $51.8422. Alakai Mechanical Corp. $47.2023. Allied Builders System $47.0024. Ralph S. Inouye Co., Ltd. $40.4925. Honolulu Builders, LLC $37.77

The First One...1987 (Figures as published in 1987)

1. Hawaiian Dredging & Construction Co. $285.00 (million)2. Pacific Construction Co., Ltd. $126.003. E.E. Black, Ltd. $60.004. Pan Pacific Construction, Inc. $39.605. Hawaiian Bitumuls & Paving Co. $35.006. Royal Contracting Co., Ltd. $35.007. Albert C. Kobayashi, Inc. $35.008. Grace Pacific Corp. $33.009. Santa Fe Engineers $31.5010. Charles Pankow Builders, Ltd. $27.0011. Nordic Construction, Ltd. $27.0012. G.W. Murphy Construction Co., Ltd. $27.0013. Constructors Hawaii, Inc. $17.0314. S&M Sakamoto, Inc. $16.8915. Oahu Construction Co., Ltd. $16.8216. Robert M. Kaya Builders, Inc. $16.1117. The Jackson Companies $15.8918. Koga Engineering & Construction, Inc. $15.8419. Kiewit Pacific Co. $15.1020. Honolulu Roofing Co., Ltd. $15.0021. Okada Trucking Co., Ltd. $14.6722. Ralph S. Inouye Co., Ltd. $14.0023. Highway Construction Co., Ltd. $13.2024. K. Shioi Construction, Inc. $11.2025. Coastal Construction Co., Inc. $10.41

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10 TOP 25

HAWAIIAN DREDGING CONSTRUCTION CO., INC.1

Atlanta, Ga.

No. 1 in our historic 25th anniversary of Top 25 is 110-year-old Hawaiian

Dredging Construction Co., Inc., securing the top spot for an unprecedented seventh year in a row, despite a $77 million drop in revenue between 2010’s $432 million and $355 million in 2011.

And the company is no stranger to its peak position, having claimed it for 18 of the past 25 years.

“Given the market conditions, 2011 was a good year for (us),” says William “Bill” Wil-son, company president, remarking on the past year, adding that the project with the greatest activity was, by far, Aulani, a Dis-ney Resort & Spa. At the peak of its con-struction, the project required nearly 1,000 craft labor. In Aulani, Hawaiian Dredging, with its team of subcontractors, built more than 1.2 million square feet of space with 21 acres of site development in a period of less than 32 months. Disney held a much

talked about grand opening for the resort in August 2011.

The company continues to provide con-struction services at Aulani, completing the interiors of about half of the timeshare units in an unopened wing of the resort and adding a new food & beverage kiosk to the property.

A traditional Hawaiian blessing was held in December 2011 for this six-story UEPH at Schofield Barracks, designed to house 192 personnel.

Hawaiian Dredging actually was active on a number of projects that were completed or near completion in 2011. Besides Aulani, these include the Child Care Development Center at Pearl Harbor, Ray & Joan Corps Community Center, Unaccompanied Enlist-ed Personnel Housing (UEPH) at Schofield Barracks, Kapolei Interchange Complex and Pier 60 site improvements.

“We also began work at Halekulani hotel and continued work on the first phase of what’s called the Lahaina Bypass for the state Department of Transportation,” adds Wilson.

Offering his forecast for the remainder of 2012, Wilson says, “There continues to be a lot more talk of work than there was a year or so ago. There’s a lot of activity in plan-ning and getting ready to start significant private building work. This means, in terms of the pursuit of work, it’s much better than what it was. But the actual in-place activity is still a bit limited so far this year.

“So right now, we’re busy pursuing work. We have a lot of good opportunities and are expecting those to result in more ac-tivity in the future than what is currently the situation.”

Dedicated in November 2011, the Kapolei Interchange Complex gives motorists new on and off-ramps to Wakea Street.

12 TOP 25

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TOP 25 13

dustry’s outlook for the year. Because more and more projects are procured under a design/build or design/assist format, and because of the complexities of administer-ing even the more traditional procurement processes, there is an increasingly long lag between the time a project is bid and when that project breaks ground. Consequently, we can usually tell by the end of the year how the market will shape up for the fol-lowing year. And we almost certainly know by midyear how we will fair for the remain-der of the year. Unfortunately, we have not seen an appreciable increase in bidding ac-tivities throughout the end of 2011 and so far this year, which suggests that 2012 will likely be more of the same.”

2KIEWIT CORP.

Omaha, Neb.

infrastructure, industrial, bridge & marine

This year, Kiewit Corp. and its various divisions present a united front, re-

porting more than $250 million in revenue, landing them squarely in the No. 2 spot of this countdown.

Lance Wilhelm, senior vice president, build-ing division, Kiewit Corp., says: “2011 was about more than just the rail program for us. Like most contractors, we continued to look for new work to pursue throughout 2011, but we also stayed busy constructing a num-ber of important projects. Department of Defense work continued to be an important market for us in 2011 with ongoing work on the Wheeler Bachelor Enlisted Quarters, Pearl Harbor Fitness Center and the Train-ing Area Complex at Pohakuloa on the Big Island. Transportation was also another sec-

tor keeping us busy in 2011. Completing the $7.8 million Kalanianaole Highway project at Makapuu for the state De-partment of Transportation was one such example.”

Wilhelm describes Kiewit Corp.’s work on the Honolu-lu Rail Transit Project: “2011 was primarily spent complet-ing the final design and pre-paring for the work coming in 2012. That is not to say that no work went into the field. Our crews spent the better part of 2011 completing our test shaft program along the Farrington Highway align-ment as well as completing temporary and permanent utility relocation work.”

Wilhelm offers his observa-tions on the second half of 2012: “I worry that we are not seeing enough work coming out of both the public and private sector to give me much optimism for any significant improvement in our in-

Kiewit Corp. is the general contractor on the Ford Island Control Tower Stabilization Project for the Pacific Aviation Museum Pearl Harbor.

Kiewit Corp. delivers truckloads of base course to its project site at the Pohakuloa Training Area on the Big Island.

14 TOP 25

Completing the top triumvirate is No. 3 Grace Pacific Corp., which slips

a notch from its last showing, reporting 2011 revenue of $192 million, a $25 million decrease from 2010’s $217 million.

“Results were not as good as hoped, mostly due to increases in cost, particularly in petroleum-based products,” explains a spokesperson for the 81-year-old kamaaina firm.

One of the most notable projects of the year was Grace Pacific’s $16 million Rehabilitation of Localized Streets, Phase 5B, Kaimuki/Kapahulu/Diamond Head, for the county. Begun in January 2011 and completed in November, the undertaking involved restoring a total of 93 residential streets in the aforementioned areas. The work performed, explains the spokesperson, “included cold planing,

reconstruction and resurfacing of asphalt concrete pavements, utility manhole adjustments, new pavement markings, new vehicle loop detectors, and miscellaneous concrete curb and gutter work.”

A key project for Grace Pacific in 2011 was the $16 million Rehabilitation of Localized Streets, Phase 5B.

Originally, the contract specified that most of the roads be cold planed 4 inches, then repaved 4 inches with the approved county asphalt mix, called City & County Mix No. 4 (CC4). “Following a few revi-sions, it was determined that some of the roads didn’t have 4 inches of asphalt con-crete, so the scope was further changed to include cold planing depths of 1.5, 2, 3, 4, 5, 6 and 8 inches,” the spokesperson continues. This meant that some roads had to be placed with an asphalt concrete base (ACB), says the spokesperson, “be-fore doing the final lift of CC4 for the final lift. It was challenging as we had to make sure each road was done to plan, as one day we could be cold planing 4 inches on a road and placing 2 inches of CC4 as the bottom lift, and then the next day we might be cold planing 8 inches and having to place 6 inches of ACB.”

Predicting the year ahead, the spokesper-son says, “2012 is relatively flat compared to 2011. Revenue is up a little, but margins are down. Unless the agencies put out sig-nificantly more bid volume than last year, there is little expectation of increased ac-tivity in the latter part of the year.”A Grace Pacific crew lays down new asphalt paving along residential streets.

GRACE PACIFIC CORP.3

Lic. # AC 6887, 11501, 15179

Congratulations to Building Industry magazine on the 25th publishing of its “Top 25”

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TOP 25 17

4tALBERT C. KOBAYASHI, INC.

Reporting a remarkable $102 million increase in revenue, Albert C.

Kobayashi, Inc. (ACK) takes an impressive nine-spot leap in our current survey to take the No. 4 position, in a tie with Nan, Inc.

The nearly 50-year-old firm earned revenue of $182 million in 2011, compared to $80 million in 2010.

Russell Young, ACK president, says, “2011 was a good year, primarily because several of our projects that had taken awhile to get going in 2010 finally were able to start.” Young adds that these projects were a mix of both public and private sector work.

Adding to company coffers in 2011 were the Kuhio Park Terrace renovation, the Marianist Church parking structure and the Whole Foods Market in Kailua, all of which began in 2011; along with ongoing projects such as the University of Hawaii

(UH) West Oahu campus, UH Cancer Cen-ter and the recommencement (and com-pletion) of the Ward Village Shops and parking structure.

Young says the rest of 2012 looks OK. “Many of our projects actually will be fin-ishing up this year,” he adds.

Expected to be completed this summer, the Marianist parking structure will be utilized by Chaminade and St. Louis.

ACK completed renovations to the first tower of the Kuhio Park Terrace and expects to complete the second and last this year.

For example, the new $11.8 million 228-stall Marianist parking structure, which will be used jointly by Chaminade Universi-ty and St. Louis School, will be finished this summer, as will the first six buildings of UH West Oahu. ACK recently finished renova-tions to the first tower at Kuhio Park Ter-race and expects to complete the second by the end of this year.

Begun in 2010, the UH Cancer Center is ahead of schedule, adds Young. Because the project is going well, UH already is ex-panding the original structure. ACK will be adding an approximately 30,000-square-foot wing to the facility and hopes to start this summer.

Looking ahead, Young says, “2013 has possibilities. Right now, interest rates are low. Our No. 1 industry, tourism, is go-ing strong, and even the military is look-ing well. All the signs look good but it’s a question of raising consumer confidence.” Young mentions a number of developers with high-profile projects in the preliminary stages that are just waiting for the right time to proverbially pull the trigger.

“We’re hoping for the best,” concludes Young.

18 TOP 25

NAN, INC.4t

Nan, Inc. experienced growth in 2011, bringing in revenue of $182 million, a

$22.9 million increase from 2010. This helps Nan, Inc. keep its same No. 4 rank as last year, in a tie with Albert C. Kobayashi, Inc.

“2011 was very positive for Nan, Inc. as our growth continues to follow the upward trend experienced in recent years despite the highly competitive market. This is a result not only of the company’s expertise and experience but also the pride of all hands in producing quality work and the highest commitment to our customers,” reports Ryan Nakaima, vice president of Nan, Inc.

Nan, Inc.’s most notable 2011 project was the Keaukaha Military Reservation, Joint Military Center (JMC), phase 1 completed in early 2011. The design-build project involved the construction of six new buildings totaling more than 112,000 square feet on a 20-acre site, which now provides training, administration, storage and maintenance facilities for both the Hawaii Army National Guard and the U.S. Army Reserve. This was a significant project for Nan, Inc. as it, along with the Ane Keohokalole Highway ($34.5 million and currently ongoing), marked the beginning of the company’s expansion to the Big Island.

Other recently completed projects include the Pacific Regional Center Building 130 and the Sea Animal Research Center for the

National Oceanic and Atmospheric

Administration (NOAA) on Ford Island ($28.5 mil-lion). Proj-ects ongo-

ing in 2011 also include

a new Bachelor Enlisted Quarters (BEQ) at Marine Corps Base Hawaii in Kaneohe ($44.1 million) and the Joint POW/MIA Accounting Command (JPAC) Facility on Hickam ($69.6 million).

Nakaima says, “As we look ahead, 2012 is shaping up to be another optimistic year as many of the major contracts that were

acquired during the last quarter of 2011 were design-build projects, and there-fore, are all currently in the beginning phases of construction.”

Nan, Inc.’s success has mainly been in the public sector, although the company is con-tinuing to make great strides in its pursuit of private sector work.

The National Oceanic and Atmospheric Administration Building 130 also was completed in 2011.

The $51.8 million Joint Military Center was completed early in 2011 on the Keaukaha Military Reservation near the Hilo airport.

FRROM THE OFFF ICERS, STAFFF AAAAAAANND MMEEMMBBERS OFF TTHE HAAWWAAAIIII LLAABBOORREERRSS’ UUNNIONN, LLLLLLOOOOOOCCCCCCAAAAAALLLLLL 33333333666888H E LL P I N GG B UU II L D A BB E T T E RR HH AA WW A I II

Peter Ganaban, Business Manager/Secretary-Treasurer Hawaii Laborers’ Union, Local 368 AULANI, a Disney Resort & Spa, Ko Olina, Hawaii

TO ALL OUR OTHER SIGNATORY CONTRACTORS, OUR “HARD HATS” ARE OFF TO YOU!

Alakai Mechanical Corp. www.alakaimechanical.com

Albert C. Kobayashi, Inc. www.ack-inc.com

Allied Builders System www.abshawaii.com

Allied Pacific Builders, Inc. www.alliedpacificbuilders.com

Arita Poulson General Contracting, LLC www.aritapoulson.com

Charles Pankow Builders, Ltd. www.pankow.com

dck pacific construction, LLC www.dckww.com

Delta Construction Corp. www.deltaconstructionhawaii.com

Dorvin D. Leis Co., Inc. www.leisinc.com

Grace Pacific Corp. www.gracepacificcorp.com

Graham Builders, Inc. www.grahambuilders.com

Group Builders, Inc. www.groupbuilders.net

Hawaiian Dredging Construction Co., Inc. www.hdcc.com

Honolulu Builders, LLC www.honolulubuilders.com

Healy Tibbitts Builders, Inc. www.sip-hawaii.org/node/1184

Kiewit Corp. www.kiewit.com

Koga Engineering & Construction, Inc.

www.kogaengineering.com

Ledcor Construction Hawaii, LLC www.ledcor.com

Nan, Inc. www.nanhawaii.com

Nordic PCL Construction, Inc. www.nordicpcl.com

Nova Group, Inc. www.novagrp.com

Parsons RCI, Inc. www.parsons.com

Ralph S. Inouye Co., Ltd. www.rsinouye.com

Royal Contracting Co., Ltd. www.royalcontracting.com

Unlimited Construction Services, Inc.

www.unlimitedhawaii.com

Wasa Electrical Services, Inc. www.wasahawaii.com

CONTRACTOR CONNECTIONS

TOP 25 21

WEBSITES OF TOP 25 AND NOTEWORTHY CONTENDERS

22 TOP 25

NORDIC PCL CONSTRUCTION, INC.6

The year 2011 was similar to 2010 in terms of volume of work, according

to Glen Kaneshige, president of No. 6 contractor, Nordic PCL Construction, Inc., which slips a notch from its previous No. 5 rank even with an $18 million increase in revenue — from $142 million in 2010 to $160 million in 2011. “It was steady and certainly not a year of expansion,” he says.

Retail and the visitor industry provided a significant portion of the firm’s work in 2011, including new construction for Walmart and CVS/Long Drugs (both in Ka-polei), Target Hilo, West Marine’s flagship store, the JW Marriott Ihilani renovation, Phase 5 of Ko Olina Beach Club and the Hawaiian Airlines Ticket Lobby renovation. Also on the roster is the new air traffic con-trol tower at the Kona airport and the St. Damien Church in Molokai.

Nordic PCL also completed the new PE/athletic facility, part of the Kamehameha Schools Kapalama Campus redevelopment, and will be completing the middle school and cultural center for it this summer.

Another significant project moving for-ward after being stalled for years is the 23-story Holomua condominium. Begun

on Sept. 15, 2011, the building contains parking on the first seven floors, topped by 170 residential units. Work also includes an emergency generator, three elevators, and onsite and off-site development. Slat-ed completion is March 2013.

Also worth noting is the Longs Drugs Dis-tribution Center, which is comprised of high-performance concrete foundation with a shake-on hardener, 42-foot tall tilt-up concrete walls and a single-ply roofing membrane. “The slab-on-grade exceeded the client’s stringent specifications for flat-ness and levelness, and no concrete rework was required,” Kaneshige adds.

“I think 2012 will still be a period of recovery for the construction industry,” concludes Kaneshige, while also highlighting areas that show cause for cautious optimism, such as the startup of light rail, and the strong retail and tourism markets. “We’re still in a historically low interest rate environment and I think people are more attracted to living in town to escape traffic. Both bode well for the condominium markets, and we know that there are at least three large de-velopments starting within the next year. … The recent news of U.S. Marines (relocating) from Okinawa to Hawaii (also) should be a boost to military construction.”

The mat foundation for Holomua was poured with approximately 2,900 cubic yards of concrete over a 12-hour period in November 2011.

Completed in August 2011, Longs Drugs’ new 108,040-square-foot distribution center includes loading docks in the rear, two floors of office space, a training room and an indoor/outdoor break area.

LIC# ABC 17

1099 Alakea Street, Suite 1560Honolulu, Hawaii 96813Phone (808) 541-9101Fax (808) 541-9108www.nordicpcl.com

Successful projects are built on thefoundation of a great relationship.

24 TOP 25

SWINERTON BUILDERS7

San Francisco, Calif.

health care, federal, high-rise construction

In a big time move up our list, Swinerton Builders goes from No. 14 in 2010 to

No. 7 for 2011. In addition to a $52.10 million increase in revenue, Swinerton in-creased its number of employees in Hawaii from 68 to 210.

We asked George Ehara, RME, vice presi-dent/division manager, what contributed to the increases. “Hospitality has always been a ‘bread-and-butter’ market for us,” he says, “and 2011 was no different. We also expanded our healthcare presence and continued to maintain our share of the re-

tail market.” Major projects begun in 2011 include ANdAZ Wailea Resort & Villas, Wal-greens Wahiawa, Hyatt Place Waikiki Beach and the Ko Restaurant at Fairmont Kea Lani Maui. Completed were Safeway Hilo, reno-

vations at Fairmont Kea Lani, Hyatt Place Waikiki Beach - phase one, Forever 21 and the Waikiki Shopping Plaza expansion.

New employees are: Andrew Valentine, Ashley Arisumi, Chad Cataluna, Deanna Benevedes, Doug Kim, Hanson Wong and Eric Teremae, project engineers; Krystle Beauchanp, senior project engineer; Jeff Weller, senior project manager; Jun Park, assistant project manager; Dino Allen, superintendent; Jon Burke, BIM manager; Suzette Navarro and Kathy Guaderrama, project coordinators; Wendy Kaneyama, preconstruction manager; Stan Diones, warehouse coordinator and Anastasia Magele, receptionist.

A highlight of 2011 was a General Contractors Association Build Hawaii excellence award for the Waikiki Shopping Plaza.

Ehara says, “2012 will be our biggest year ever in Hawaii. We always take a long-term view of our business. We are an employee-owned company and our decisions are not driven by outside investors. This allows us to focus on optimizing our company for the long-term. If we focus on ‘build a best-in-class construction company, we will be able to provide excellent service to our clients and win our share of the work, whether the econ-omy is expanding or in a recession. What this means for us is we kept on hiring great talent even through the recent recession.”

Hyatt Place Waikiki Beach lobby

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26 TOP 25

dck pacific construction, LLC8d/

design-assist, preconstruction, general contracting (building, civil, infrastructure)

Generating revenue of $116 million in 2011, dck pacific construction, LLC

comes in at No. 8, while doubling its em-ployee size from 100 to 200 in the last year.

“Our diversity of skill sets and flexibility of delivery methods has enabled us to keep our employees working in a very competitive market,” says Eric Tessem, senior vice president and general man-ager of dck pacific.

The Bingham parking structure at Kapi-olani Medical Center for Women & Chil-dren along H-1 is dubbed dck’s high-profile project of 2011. The project, scheduled to open late 2012, marks the first step of a 15-year, master plan for the hospital. This new, 17-story, LEED-certified structure incorporates eco-friendly components such as roof-mounted photovoltaic pan-els and electric car-charging stations with a brushed concrete exterior to minimize cleaning requirements. Other projects that kept dck’s crews busy include work in hos-pitality at Kings’ Land, Phase 2, healthcare at Castle and Queen’s medical centers, and commercial work for Bank of Hawaii.

2012 has already started on a positive note with the award of the $43 million University of Hawaii at Manoa Information Technology Center, and in April, dck was awarded the $47 million design-build contract for P-822 MCAS Operations Complex at Marine

Corps Base Hawaii (MCBH) Kaneohe.

dck continues working with its repeat cli-ent, Target, and is com-

pleting the P-Fresh projects

at Kailua-Kona and Kapolei. The firm also recently began a design-assist 125 guest room renovation at 2426 Kuhio Hotel.

Tessem says, “We have provided prelimi-nary preconstruction services for a diverse

Kapiolani hospital Bingham parking structure

Rendering of the University of Hawaii’s Information Technology Center

variety of projects, which is a good indica-tion toward a more optimistic future in the industry. We anticipate several of these projects will go forward as well in 2013, helping build backlog.”

(MCBdck

witea

plFre

dck paci c construction, LLC707 Richards Street, Suite 410

Honolulu, Hawaii 96813www.dckww.com

license ABC-29491

GCA Hawaii Membership AwardCastle Medical Center 1st Floor

Queen’s Medical Center Corporate Board RoomHyatt Regency Waikiki 3rd Floor

Target Store - P-Fresh

Builders in the Pacific for 73 years

LicLicensense Ne No.o. BC2BC220720755

OAHU - Halekulani

KONA - Keahuolu Copper Shingles

MAUI - Kahului Airport

KAUAI - Kukui‘ula Makai

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TOP 25 29

9PARSONS RCI, INC.

COASTAL CONSTRUCTION CO., INC. 10

Hanging tight to the No. 9 position it earned in last year’s survey is Parsons

RCI, Inc., which does so with a $17.4 million increase in revenue between 2010, $94.3 million, and 2011, $111.7 million.

Ken Loui, who recently was named senior project manager for Parsons, attributes the growth to the substantial H-POWER (Honolulu Program of Waste Energy Recovery) expansion project, which was in full swing in 2011, along with a number of other civil and industrial projects.

Begun in early 2010, the H-POWER ex-pansion adds a third boiler and other improvements to the City & County of Honolulu’s waste-to-energy facility. It will greatly increase the amount of garbage the complex can combust, allowing it to generate much more electricity. When completed this year, the H-POWER facil-ity will be capable of powering 75,000 Oahu homes, contributing 8 percent of Oahu’s energy using a renewable source, and diverting nearly 90 percent of the island’s nonrecyclable household trash from the landfill.

Other projects that added to the company’s coffers were the Wilhelmina Rise Sewer Rehabilitation and its Makalapa project.

“2012 will not be as busy as 2011 as a num-ber of projects are winding down and will be completed this year,” predicts Loui. “We are hoping that the construction industry will improve as the year progresses.”

Pasadena, Calif.

pump stations, pipeline, reservoir, high-ways, earthwork, and site development

construction

The extensive expansion of the H-POWER plant, which began in early 2010 and was in full swing in 2011, is slated for completion this year.

Completing our top 10 is the nearly 40-year-old residential specialist

Coastal Construction Co., Inc., which re-ports revenue of $106 million in 2011, com-pared with 2010’s $117 million.

“Although volume for Coastal Construction fell nearly 10 percent,” comments Les Masutani, the kamaaina firm’s vice president, “we were fortunate to have ongoing work with Forest City and Haseko.”

In fact, Coastal Construction completed 550 single and multifamily units in 2011, accord-

ing to Masutani. The bulk of the work was at the 218-home Ulupau and 765-home Molo-lani neighborhoods on Marine Corps Base Hawaii (MCBH) for Forest City Hawaii and at Ka Makana at Hoakalei within Haseko’s master-planned community in Ewa Beach. Both Ulupau and Ka Makana are still ongo-ing, while a celebration was held in May this year for the completion of Mololani – the largest neighborhood at MCBH.

Looking forward, Masutani says, “Unfortu-nately, our forecasts show we will continue to slide in 2012. Realistically, we don’t see anything very promising this year.”

On a more positive note, he concludes, “We’ve had some success with smaller projects, and we’ll continue to keep our core people employed as we ready our-selves for 2013.”

Ulupau, for which Coastal Construction began work in 2011 and is expected to continue into 2014, consists of 218 homes and is the last phase Forest City is developing at MCBH.

30 TOP 25

ALAKAI MECHANICAL CORP.Ralph Inouye, president; Clark B. Morgan, chairman

ALBERT C. KOBAYASHI, INC.Russell Young, president

ALLIED BUILDERS SYSTEMGary Oda, president

CHARLES PANKOW BUILDERS, LTD.Mike Betz, Hawaii vice president and regional manager

COASTAL CONSTRUCTION CO., INC.Kenneth M. Sakurai

DCK PACIFIC CONSTRUCTION, LLCEric G. Tessem, senior vice president and general manager

DELTA CONSTRUCTION CORP.Kenneth J. Kobatake

DORVIN D. LEIS CO., INC.Stephen T. Leis, president

GRACE PACIFIC CORP.David C. Hulihee, CEO

GROUP BUILDERS, INC.Lito Alcantra, president

HAWAIIAN DREDGING CONSTRUCTION CO., INC.William J. Wilson

HONOLULU BUILDERS, LLCDan Jordan & Tom Ryan, principals

ISEMOTO CONTRACTING CO., LTD.Leslie Isemoto, president

KIEWIT CORP.Bruce Grewcock, CEO

LEDCOR CONSTRUCTION HAWAII, LLCJeff Thompson, vice president and branch manager

NAN, INC.Fooney Freestone

NORDIC PCL CONSTRUCTION, INC.Glen Kaneshige, president

PARSONS RCI, INC.Andrew Albrecht, senior vice president

RALPH S. INOUYE CO., LTD.Lance M. Inouye

ROYAL CONTRACTING CO., LTD.David C. Hulihee

SHIOI CONSTRUCTION, INC.Conrad Murashige

SWINERTON BUILDERSGeorge Ehara, vice president and division manager

UNLIMITED CONSTRUCTION SERVICES, INC.Jay Manzano, president

WASA ELECTRICAL SERVICES, INC.Ronald Yee, chairman and CEO

WATTS CONSTRUCTORS, LLCKevin McClain, president, federal group

EFFECTIVE EXECUTIVES

2012 Top Executives of Hawaii’s Top 25 Builders

Future In The Right

Direction

For more information, contactAon Construction Services Group808.540.4335 or aon.com

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State of Hawaii 201

congratulatesThe Top 25 Contractors

32 TOP 25

WATTS CONSTRUCTORS, LLC11

Des Moines, Iowa

ld, building structures, historic renovations, seismic upgrades, marine/waterfront

Our No. 11 contractor is Watts Constructors, LLC.“There’s no doubt

that 2011 was a challenging year for the construction industry due to economic challenges and the migration of mainland contractors to the Hawaiian market,” says Senior Vice President Kelvin Osborne. “Watts Constructors’ staff kept busy finalizing projects like the Replace Hydrant Fuel System, Hickam Air Force Base (AFB), the Asian Tropical Elephant Exhibit at the Honolulu Zoo and the Reconstruction of

Pier 29 Container Yard in Honolulu Harbor.”

One of Watts’ top projects completed in 2011 is the Replace Hydrant Fuel System project at Hickam AFB.

“Watts successfully managed and safely completed diverse, and potentially danger-ous, construction elements within a single contract project on schedule, on budget, at a high quality that met and exceeded

Watts Constructors’ Replace Hydrant Fuel System, Hickam Air Force Base project, completed in 2011, received a 2012 GCA Build Hawaii Excellence Award.

Hawaii’s Premier Concrete & Masonry Contractor

99-1245 Waiua Place

Aiea, HI 96701

Ph: (808) 487-3614

E-mail: info@qualitygeneral.com

Lic. No. ABC-133622

91-063 Malakole Street, Kapolei HI 96707

808/682-6000 FAX (808) 682-6001

PCI Certified

Project : Marianist Center Total Precast Parking Structure

Owner : The Marianist Center of Hawaii

Architect : Ushijima Architects

General Contractor : Albert.C. Kobayashi

CAMPUS SCORES TOUCHDOWN WITH PRECAST PARKING

client expectations,” says Osborne. “To achieve our perfect project safety record of 154,688 work hours over 1,116 contract days with no lost-time incidents, our project team was extremely focused on safety. Our safety achievement on this project is remark-able and to be celebrated considering we had miles of excavation and open trenches, worked around and under two 2.4 million gallon fuel tanks lifted 8 feet off the ground, and countless tons of contaminated soil.”

TOP 25 33

As the construction industry once again triumphs through a struggling economy, we applaud the companies that have maintained their commitment to Hawaii for the past 25 years and give a standing ovation to those with more than 50!

More than 50 years:

Hawaiian Dredging Construction Co., Inc. 110

Isemoto Contracting Co., Ltd. 86

Grace Pacific Corp. 81

dck pacific construction, LLC 73

Nordic PCL Construction, LLC 73

Shioi Construction, Inc. 64

Wasa Electrical Services, Inc. 63

Ralph S. Inouye Co., Ltd. 50

More than 25 years:

Albert C. Kobayashi, Inc. 49

Healy Tibbitts Builders, Inc. 48

Charles Pankow Builders, Inc. 47

Dorvin D. Leis Co., Inc. 45

Parsons RCI, Inc. 44

Allied Builders Systems 42

Coastal Construction Co., Inc. 39

Koga Engineering & Construction, Inc. 39

Alakai Mechanical Corp. 38

Delta Construction Corp. 34

Group Builders, Inc. 33

Nova Group, Inc. 31

Kiewit Corp. 31

BUILT TO LASTHawaii’s Oldest Contractors

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depleting Puron® refrigerant make Infinity the unit of choice for the islands’ finest residences. With Infinity, your clients save energy costs, federal taxes, and the planet. How cool is that?

OahuAir Conditioning Unltd 590-9266Aloha State Rfg & Air Cond. 842-0095NS Air Conditioning 520-1034

MauiAlltemp, Inc. 871-6723

Big IslandGordon Sheet Metal, Inc. 329-7225Kona Industries 329-7789

34 TOP 25

12 DELTA CONSTRUCTION CORP.

sitework

Slightly dropping to No. 12 is Delta Construction Corp., a company that

posted $94 million in revenue in 2011. Executive Vice President Marty Miller says it was a challenging year, but they kept busy nonetheless.

“In 2011 projects were few and far between and budgets were tight as both the private sector and the government were still suffering from the effects of the economic downturn and no real recovery had started for our industry here in Hawaii,” says Miller. “However, Delta was fortunate and we were

kept busy with the start of the University of Hawaii West Oahu campus, Walmart Kapolei, D.R. Horton’s Makakilo C&D project and East-West Road for the Department

of Hawaiian Home Lands (DHHL).”

Delta considers the Ulupau – Kaneohe Marine Corps Air Station design-build

Delta’s IVE sewer laterals at Ocean Pointe

TOP 25 35

Delta Construction Corp.’s work on Kapolei Urban Core 3 & 4

housing civil infrastructure project for Forest City one of the top projects it started in 2011. The project is a collaboration between Delta Construction and Sam O. Hirota, LLC. Ron Ho and Associates is the electrical engineer on the project. The $19 million project involves the design and construction of all the civil works for the 218-home Ulupau Miltary Residential Neighborhood. The project is scheduled for completion in April 2014.

Another project that kept Delta busy in 2011 is the East-West Road and Road E Project located in the eastern portion of the city of Kapolei. the project involves 5,400 linear feet of a four-lane roadway complete with underground utilities including sewer, water, drain, electrical and communica-tions. It travels in an easterly direction from North-South Road. Delta has undertaken the job for DHHL at a cost of $14.5 mil-

lion. The job started on May 17, 2010 and should be completed two years from then.

Miller says new project opportunities have been hard to come by in 2012, but Delta perseveres. “We have found that military projects including with Army Corps of Engineers dominated the bidding

landscape during the first quarter of the year,” says Miller. “We are now seeing some opportunities in the private sector and continue to seek work in public-private venture military housing projects. We also look forward to participating in upcoming solar projects on Oahu.”

Uniting our strengths and working togetherfor a better tomorrow.

Our Purpose is to fully represent the interests of the Operating Engineers Local Union No.3 and Hawaii’s Leading Contractors.

Our mission is to foster smart and responsible growth in the construction industry, thereby contributing to a healthy economy for everyone in the Islands.

HAWAII OPERATING ENGINEERSINDUSTRY STABILIZATION FUND

Affiliated AFL-CIOOPEIU - 3 - AFL-CIO (3)

CREATING OPPORTUNITIES WITHIN HAWAII TO ENHANCE

THE COMMUNITY

Fostering relationships with developers from all over the Nation,

we strive to stimulate the local economy by promoting and assisting

them in seeing their projects through fruition.

A LEADING ADVOCATE FOR THE PREVAILING WAGE LAWS THAT GOVERN

HAWAII’S CONSTRUCTION INDUSTRY

Seeking to level the playing field when it comes to Hawaii’s public works projects is our main concern. By bringing public awareness to key issues facing Hawaii’s

leading Contractors, compliance with fair contracting guidelines are ensured.

CONSISTENTLY MONITORING AND SUPPORTING PRUDENT PUBLIC POLICY AT THE FEDERAL, STATE AND COUNTY LEVELS

Deeply committed to the community, we maintain an active role in public policy

throughout the Islands, as to improve the quality of life for all. Construction is one of Hawaii’s largest industries, and the strength of this sector is critical to Hawaii’s economy.

36 TOP 25

HOME SWEET HOME

THEN NOW

1987 homebase % of companies Oahu 84 Big Island 0 Maui 0 Kauai 0 Mainland/Intl 16

2012homebase % of companies Oahu 52 Big Island 4 Maui 4 Kauai 4 Mainland/Intl 36

OAHU

MAINLAND/ INTERNATIONAL

2012

OAHU

MAINLAND/ INTERNATIONAL

GLOBAL INFLUENCEThough we may often feel a certain sense of isolation given our geographic location, the pie charts below comparing the percentage of companies that call Hawaii home, in 1987 and today, clearly reveal the growing influence of national and international companies within the building industry.

BIG IS

LAND

MAUIKAUAI

OahuAlakai Mechanical Corp.

Albert C. Kobayashi, Inc.

Allied Builders System

Allied Pacific Builders

Coastal Construction Co., Inc.

Delta Construction Corp.

Grace Pacific Corp.

Graham Builders, Inc.

Group Builders, Inc.

Honolulu Builders, LLC

Koga Engineering and Construction, Inc.

Nan, Inc.

Ralph S. Inouye Co., Ltd.

Royal Contracting Co., Ltd.

Shioi Construction, Inc.

Neighbor IslandsArita Poulson General Contracting, LLC (Puunene, Maui)

Dorvin D. Leis Co., Inc. (Kahului, Maui)

Isemoto Contracting Co., Ltd. (Hilo, Hawaii)

Unlimited Construction Services, Inc. (Lihue, Kauai)

Outside HawaiiCharles Pankow Builders, Ltd. (Pasadena, Calif.)

dck pacific construction, LLC (Pittsburgh, Pa.)

Hawaiian Dredging Construction Co., Inc. (Atlanta, Ga.)

Healy Tibbits Builders, Inc. (Cranford, N.J.)

Kiewit Corp. (Omaha, Neb.)

Ledcor Construction Hawaii, LLC (San Diego, Calif.)

Nordic PCL Construction, Inc. (Denver, Colo.)

Nova Group, Inc. (Napa, Calif.)

Parsons RCI, Inc. (Pasadena, Calif.)

Swinerton Builders (San Francisco, Calif.)

Wasa Electrical Services, Inc. (Osaka, Japan)

Watts Constructors, LLC (Des Moines, Iowa)

Here’s where our Top 25 and Noteworthy Contenders hang up their proverbial (hard) hats at the end of the day.

CORPORATE HEADQUARTERS

TOP 25 37

13LEDCOR CONSTRUCTION HAWAII, LLC

According to Jeff Thompson, vice presi-dent and branch manager of Ledcor

Construction Hawaii, LLC, 2011 was a stable year for the company. Reported rev-enue indicates a $36 million increase, from 2010 at $46 million to $82 million in 2011. Ledcor’s gains allowed it to move up six ranks, nailing the No. 13 spot.

Ledcor had a mix of projects in 2011, in-cluding completing the high-rise residential tower Pacifica Honolulu, and the Tactical Equipment Maintenance Facility (TEMF) at Helemano Military Reservation for the U.S.

Army Corps of Engineers. Ledcor says its most memorable project was the emergen-cy repair project at the Four Seasons Re-sort in Hualalai, a result of the March 2011 Tohoku earthquake and tsunami.

Thompson explains, “Ledcor personnel were called in at short notice and within a six-week duration, completed repairs to 16 ground floor suites and two presidential suites, all of which had been inundated by a tsunami. In addition, two restaurants, a bar, and a beach club had a complete re-fit, including installation of new kitchen equipment and millwork.” Through these efforts, the resort was able to reopen by April 30, 2011. In addition, Ledcor replaced a pool that had been fully submerged and installed a new pool deck by May 15.

Ledcor is currently working on the civil component of the electric generation facil-ity at the Auwahi Wind Farm.

Ledcor Construction Hawaii, LLC started work on the completion phase of Pacifica Honolulu in 2010 and finished the condominium in late 2011.

“The market is looking like it is starting to pick up toward the end of 2012. The hospitality industry is a major part of this increased activity,” says Thompson.

Electricians, Inc.2688 Waiwai Loop, Honolulu, HI 96819

Tel: (808) 839-2242Fax: (808) 839-1344Contr. Lic. # C-7490

E-mail:  info@electriciansinc.com

Serving Hawaii’s Electrical Needs for 37 Years

HHilton Hawaiiaan Villalage ge NiuNiumalmamalu Su Suiuitteses

HyaHyatt tt RegRegencency Sy Shorhor AmAmeriericancan SeSeafoafood od GriGrillll

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38 TOP 25

DORVIN D. LEIS CO., INC.14

mechanical, plumbing, fire protection, sheet metal

Dorvin D. Leis Co., Inc. considers the University of Hawaii Cancer Center project one of its best of 2011.

TOP EMPLOYERS

Our No. 14 contractor is Dorvin D. Leis Co., Inc., a company that is celebrating

its 45th anniversary in 2012. The full-service mechanical contractor was founded in California in 1961 by Dorvin Duane Leis, then moved to Hawaii in 1967, where it has been in continuous operation ever since.

Dorvin D. Leis posted $72.95 million in revenue for 2011, $17 million less than the previous year. Despite the industry slow-down, Dorvin D. Leis kept its employees busy in 2011 with the following projects:

Many of the Top 25 and Noteworthy Contender companies, according to survey results, have contributed

Grace Pacific Corp. 555

Hawaiian Dredging Construction Co., Inc. 545

Coastal Construction Co., Inc. 443

Dorvin D. Leis Co., Inc. 312

Nan, Inc. 300

Wasa Electrical Services, Inc. 275

Watts Constructors, LLC 275

Delta Construction Corp. 260

Group Builders, Inc. 235

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TOP 25 39

opportunities with federal projects. In addition, we continue to develop and grow our service department statewide.”

th University of Hawaii (UH) Cancer Center, UH Maui College Science Building, Kings’ Land by Hilton Grand Vacations Club on the Big Island, Sheraton Kauai Renovation, Lanai Airport Aircraft Rescue Fire Fighting Station (ARFF) and Molokai Airport ARFF.

“2011 turned out very much as we predict-ed a year ago, challenging but successful considering the ongoing state of the con-struction economy,” says Stephen T. Leis, president of the firm. “The jobs that kept us busy throughout last year and into 2012 are the UH Cancer Research Center project, the UH West Oahu campus project, the UH Maui Campus New Science Building project, the Kings Land project on the Big Island, and the Sheraton Poipu project on Kauai.”

Leis says the UH Cancer Research Center project on Oahu is a representative exam-ple of the firm’s best work in 2011.

“It is one of the premier and high profile proj-

ects in the state of Hawaii and has been con-structed to very high standards,” he says. “The owner, construction manager, and general contractor have all done an exceptional job.”

Concerning 2012, Leis says: “2012 is anoth-er challenging year. There is some forward movement in the private sector with some work returning to the condominium and timeshare sector. There are also continued

to the economy by employing a local workforce of more than 100 in 2011.

Alakai Mechanical Corp. 232

Swinerton Builders 210

dck pacific construction, LLC 200

Parsons RCI, Inc. 185

Kiewit Corp. 171

Isemoto Contracting Co., Ltd. 170

Nordic PCL Construction, Inc. 150

Albert C. Kobayashi, Inc. 150

Shioi Construction, Inc. 120

Healy Tibbitts Builders, Inc. 100

Hawaii’s LeadingMechanical Contractor

MAUI202 Lalo StreetKahului,, HI 96732P: (808) 877-3902F: (808) 871-6826

OAHU2265 Hoonee PlaceHonolulu, HI 96819P: (808) 841-2112F: (808) 847-1991

Celebrating 51 Years

KAUAI4180 Hoala StreetLihue, HI 96766P: (808) 246-3443F: (808) 246-3441

BIG ISLAND

Kailua-Kona, HI 96740P: (808) 329-0958F: (808) 329-0828

GUAM

Sinajana, GU 96910P: (671) 300-0630

Contractors Lic. C-4747

www.leisinc.com

Your Single Source for all your Mechanical Services

Your Community Minded Mechanical Contractor

40 TOP 25

ISEMOTO CONTRACTING CO., LTD.15commercial buildings, golf courses, sub-divisions, infrastructure and utilities

Hanging on to the No. 15 slot it held last year is Isemoto Contracting Co., Ltd.

While other companies struggled to survive, the kamaaina firm managed to increase its revenue by $1 million from $71.9 million in 2010 to $72.9 million in 2011. The company, which celebrated its 85th anniversary in 2011, specializes in the following types of construction: heavy sitework, commercial buildings, golf courses, subdivisions, infrastructure and utilities.

Company president Leslie Isemoto says 2011 turned out to be a good year for business and went better than he expect-ed it to.

“We managed to produce the same vol-ume of work as 2010, in both sitework and

building construction,” says Isemoto.

There were many proj-ects contributing to the company’s success in 2011. However, Ise-moto says one particu-lar project, Hospice of Hilo, was meaningful to his company and is the one that stands out in his mind.

“Hospice of Hilo will be the first neighbor island in-patient care facility for patients who cannot be cared for in their res-idence and will provide compassionate end-of-life care,” Isemoto says. “The facility would not have been possible without the help of our community that raised the $10 million needed to build the state-of-the-art care facility.” Started in January 2011, the 14,000-square-

foot, single-story wood structure features 12 residential style in-patient rooms with private lanai, adaptable to elder patients as well as children.

“Isemoto Contracting is very proud to be part of our community’s efforts to provide a much-needed facility in East Hawaii,” says Isemoto. The facility held its grand opening on June 22, 2012.

Looking toward the future, Isemoto says, “We are projecting an overall decrease in volume for 2012, but we are optimistic our work volume with pickup in the fourth quarter due to recent award of projects.”

Isemoto Contracting in 2011 performed work on the $7.4 million Waikoloa Beach Resort Water Treatment Plant for Hawaii Water Service.

One of Isemoto’s several projects at UH-Hilo last year was a bookstore addition to the campus center building.

HILO: PH (808) 935-7194 FAX (808) 961-6417KONA: PH (808) 329-8051 FAX (808) 329-3261

E-MAIL: isemoto@ilhawaii.net Lic ABC1036LiLiLicc ABABABC1C1C1030303666

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42 TOP 25

UNLIMITED CONSTRUCTION SERVICES, INC.16

Unlimited Construction Services Inc., a locally owned and operated company

for the past 21 years, comes in at No. 16, reporting $61 million in revenue for 2011, a $29.9 million increase from 2010. Unlim-ited Construction completed four large projects, its highest profile being Safeway Beretania, finishing in an aggressive 10 months – a full six weeks earlier than the originally agreed upon completion date.

“We know how to expedite work and do it well, never sacrificing quality or safety,”

Unlimited took home an award of excellence for its Safeway Beretania project in the 2012 General Contractors Association Build Hawaii Awards. Construction was completed in 2011.

Kapolei Judiciary Complex

Oahu707 Richards St. #711

Honolulu, HI 96813 ph: 808.521.4141 fax: 808.521.4199

Kauai 1696 Haleukana St. Lihue, HI 96766 ph: 808.241.1400 fax: 808.245.6611

unlimited@unlimitedhawaii.com

Waikiki Hard Rock Cafe Retail Center

TOP 25 43

says Jay Manzano, Unlimited’s president.

Unlimited’s accelerated production al-lowed the owner to open in time to capture holiday sales.

Other 2011 completions were the 78-unit timeshare complex Kalanipuu at Kauai Lagoons, the Wailua Cane Haul Bridge widening in the busiest thoroughfare on Kauai; and a model home at Kukuiula, the newest ultra-luxury residential community on Kauai.

Also during 2011, Unlimited began building Ewa Villages, a 64-unit apartment complex; the Kauai Oncology Center; and continued work on an extensive project for a client who prefers all publicity to wait until construction is finished.

This year has so far been a rewarding one for Unlimited, which earned awards of excellence in the General Contractors Association’s 2012 Build Hawaii Awards for the Safeway Beretania and Wailua Cane Haul Bridge projects; and awards of merit for both the Kalanipuu and Kukuiula projects – all of which were completed in 2011. Unlimited also earned 2012 National Association of Industrial and Office Properties (NAIOP) Kukulu Hale Awards for The Shops at Kukuiula and the Ronald T.Y. Moon Judiciary Complex, both of which were completed a few years ago.

Manzano says, “2012 will be another good year for Unlimited. Architects are really busy and that’s where our projects start. We have an experienced business development staff and are ready to help new clients on design/build or design/assist projects. 2012 is shaping up to be even better than 2011.”

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In 2011, Unlimited Construction completed the

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44 TOP 25

WASA ELECTRICAL SERVICES, INC.17elec-

trical construction

Claiming the No. 17 spot is Wasa Elec-trical Services, Inc. Wasa’s revenue

dipped a bit from $69.3 million in 2010 to $58.1 million in 2011. Despite this, the electrical construction company managed to win high-profile jobs and provide work for its 275 employees.

“By our normal standards, we experienced a slow year in 2011, but we were fortunate to have been on the Disney Aulani proj-ect so Oahu sales were up,” says Ron Yee, CEO of Wasa Electrical Services, a compa-ny that has served the islands for 62 years. “Decrease in total sales were due to slow down in the outer island branches.”

According to Yee, Wasa’s top projects in 2011 (apart from Aulani) included the Pacifica condominium, Whole Foods Kailua, Kailua Intermediate School Electrical Upgrade, Safeway Beretania and Bank of Hawaii Critical Power.

There are three projects scheduled for com-pletion between 2013 and 2014 that Yee counts as Wasa’s top active projects. The first project is Andaz Wailea Resort, a com-plete hotel renovation/addition of the former Renaissance Wailea Beach Hotel, which is scheduled for completion in May 2013. Sec-ondly, Yee points to the University of Hawaii Information Technology Center, a six-story building on the UH Manoa campus that will provide a centralized facility for the universi-ty’s systemwide Information Technology Ser-vices (ITS) division and house the university’s enterprise information and communications technology systems. This project is sched-uled for completion in April 2013. Finally, there is Wasa’s project for South Range Grow the Army, which consists of sitework and vari-ous buildings for the Army and is scheduled for March 2014 completion.

Wasa Electrical Services counts Aulani, a Disney Resort & Spa as one of its top projects of 2011. Seen here is Aulani’s lobby ceiling.

Other projects keeping Wasa busy in 2012 include National Oceanic and Atmospheric Administration Pacific Regional Center, Wailuku II Elementary School, North Loop Electrical Distribution at the Pacific Missile Range Facility, South Range Grow the Army, Ala Moana Wastewater Pump Station,

and Hilton Waikoloa Fire Alarm Upgrade.

Yee offers his outlook on what remains of 2012: “We see a slight increase for 2012 overall, not only for Wasa but also for the construction industry based on number and volume of jobs to bid.”

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Serving Hawaii for 62 Years

46 TOP 25

ALLIED BUILDERS SYSTEM18

general contractor Gary Oda, president of No. 18 Allied Builders System, says “We were fortu-

nate in 2011 to be able to achieve most of the goals that we had set at the beginning of the year. We met our client service, time-liness and quality work goals, which trans-lated into a financially successful year. Rev-enues were down primarily due to lack of

number of large projects on hand. Diversity in our project mix kept the company busy in 2011 as we worked on hospi-tality, medical, retail, financial, restaurant, education and pri-vate club markets. Our repeat clients made up most of the work in 2011.”

Allied Builders System’s com-mitment to performing out-standing work is evident in its work at Waialae Country Club.

Oda describes the project:

“Waialae Country Club was awarded the Building Industry Association’s grand award for commerical renovation proj-ects. Completed in September 2011, the multiphased project included a new HVAC system and the addition of two 100-ton chillers. It also included renovation of four dining rooms, an outdoor dining area, lobby and public corridors. The project truly transformed this prestigious country club’s interior into a anticipated contem-porary and exclusive venue.”

“Our 2012 projections for revenues look to be significantly greater than 2011,” he says. “Gross revenues is not a focal measure in achieving our goals at our company, how-ever, the increased volume will emanate positively in accomplishing our objectives for 2012. There appears to be more projects on line in 2012 as economic confidence levels increase. We are wary of the fragile economy but are optimistic that the construction in-dustry will pick up in 2012.”

Allied Builders System completed the renovation of the Waialae Country Club in 2011.

Safety Systems and Signs Hawaii Dispels Rumors of Closing…As many of you may have already heard, we have begun the process of restructuring the company, which will help us to take the neces-sary steps towards a solid and positive future. Therefore, we wanted to make sure our customers and valued business partners under-stand what exactly this means.

First of all, and most importantly, WE HAVE NOT FILED FOR CHAPTER 7 – THE COMPANY’s ASSETS ARE NOT BEING LIQUIDATED. We have been serving the Hawaiian islands since 1971, FORTY ONE YEARS AND STILL GOING STRONG.

WE ARE NOT GOING OUT OF BUSINESS. We for a Section §363 Chapter 11, which IS NOT AN AUCTION OF ITS INDIVIDUAL ASSETS. construction services WILL CONTINUE AS USUAL. We our services workmanship. ALL COMPLETION BONDS ARE IN FULL FORCE AND EFFECT we have the capacity to bond new jobs. WE ARE FULLY INSURED: auto workman’s compensation insurance. OUR CARRIER HAS A XV RATING, THE HIGHEST IN THE INDUSTRY. WE STAND BEHIND ALL THE PRODUCTS WE SELL. warranties remain in effect. OUR OPERATIONS ARE FULLY FUNDED a from Fifth Street Finance Corporation, a

WE EXPECT THE RESTRUCTURING PROCESS TO BE COMPLETED BY MID-AUGUST.

From now then, if have questions or concerns, or other assurances, reach out to us

Annie & Signs Hawaii 808-840-3266 808-847-4017

Chris Burns, CFO, Corporation its 949-677-7067 949-553-8272

Greg Grosch, CEO, Corporation its 949-233-5338

We appreciate and value our relationships with all of our business partners and look forward to working together with you for many more years to come.

Mahalo,

Annie

Lightweight Cellular Concrete Technology

Island Ready-Mix

Concrete, Inc.

Phone: 682-1305 • Fax: 682-447891-047 Hanua Street • Kapolei, Hawaii 96707 • info@islandreadymix.com

Project: Waimalu Sewer Rehabilitation/Reconstruction Project, Phase I

Contractor: Frank Coluccio Construction

At the jobsite, CellFill’s polymer based foaming agent is injected into eachmixer truck just prior to placement to ensure prespecified strength and weightover the entire fill area, load after load.

Frank Coluccio Construction utilized Isle CellFill lightweight cellular concrete toprovide a consistent, light weight and stable fill material throughout this project. Isle CellFill was also pumped into casements to stabilize the pipeline within.

Easy to pump, place and virtually self leveling, Isle CellFill provides several critical advantages over traditional fill material:

To learn more about the unique design, performance and cost advantages of Isle CellFill and other innovative lightweight cellular concrete products contact Island Ready-Mix Concrete.

GROUP BUILDERS, INC. General & Specialty Contractor

License No. ABC 10164

SPECIALTIES: Acoustics Fireproofing Drywall Millwork Insulation

Cabinets Lath & Plaster Exterior Insulation Finish Systems

Main Office: 511 Mokauea St., Honolulu, Hawaii 96819Telephone: Main (808) 832-0888

Estimating/Project Engineering: 308 Kilua Place, Honolulu HI 96819Telephone: (808) 832-0898

EMAIL: info@groupbuilders.net WEBSITE: www.groupbuilders.net

TOP 25 49

19GROUP BUILDERS, INC.

-tion, drywall, millwork/cabinetry, lath & plaster, fireproofing, EIFS

Sliding three spots from No. 16 in our previous survey to currently take

No. 19 is Group Builders, Inc., which reports revenue of $46.3 million in 2011, an $11.2 million decrease from the $57.5 million revenue in 2010.

Lito Alcantra, company president, attri-butes the slight decline to the lack of pri-vate work. “Most of the work was military,” he explains, “and at the time, we weren’t doing military work.”

Looking on the bright side, Alcantra says, “Even though it was slower, for us to be able to maintain a workforce of 200 is still good.”

In addition, the company has since taken steps to diversify its portfolio and is in-volved in a few federal projects.

These include performing as a subcontrac-tor on two bachelor enlisted quarters, the Pohakuloa Training Center and the Pearl Harbor Fitness Center.

And though private sector work continued to flounder, Group Builders was able to capture its share of what was available. For example, the 30-year-old firm was involved in the Kaiser Moanalua Medical Center renovation with general contractor Swinerton Builders, the new library commons complex at Windward

Community College with general Absher Construction Co.; Kamehameha Schools Kapalama Campus Redevelopment with Nordic PCL Construction, Inc.; Pacifica Honolulu with Ledcor Construction Hawaii, LLC; the University of Hawaii Cancer Center with Albert C. Kobayashi, Inc.; and Kroc Center Hawaii with Hawaiian Dredging Construction Co., Inc.

Alcantra adds, “One of the most high profile projects that we worked on in 2011 was Aulani,” as a subcontractor to Hawaiian Dredging. While much of the resort is open already, Alcantra says Disney continues to make improvements. Group Builders, this year, is involved with expansion of the buffet.

Looking ahead, both Alcantra and Charles Cook, the firm’s CEO, agree that 2011 likely will be similar to 2012. Both say there are a number of condominium projects in various stages of planning. While construction may begin this year or next year, if Group Builders is able to get involved, its part would not start until later. “We see a small increase toward the end of 2013,” they say, “and hope to be at full force in 2014.”

Group Builders’ specialty work at Aulani, a Disney Resort & Spa, helped carry the company through 2011.

Begun in 2010, the UH Cancer Center also helped to keep Group Builders busy in 2011.

50 TOP 25

Fiber-Reinforced Polymer Composite SystemsWraps Plates Rods

Delivering sustainability through structural strengthening of:

For detailed information on MAPEI’s products and services, visit www.mapei.com.

BONDED MATERIALS COMPANYKailua - Kona (808) 326-2477 / Honolulu (808) 832-1155 / www.BondedMaterials.net

ANNIVERSARIES

Join us in congratulating the companies in our survey that have a proven track record of maintaining their resilience in the state and are celebrating the following memorable Hawaii milestones.

2011 AnniversariesIsemoto Contracting Co. 85

Grace Pacific Corp. 80

Royal Contracting Co., Ltd. 50

Kiewit Corp. 30

Nova Group, Inc. 30

Arita Poulson General Contracting, LLC 25

2012 AnniversariesHawaiian Dredging Construction Co., Inc. 110

Ralph S. Inouye Co., Ltd. 50

Dorvin D. Leis Co., Inc. 45

EMAIL: bcordero@hawaiilandscapemanagementgroup.comwww.hawaiilandscapemanagementgroup.com

808.255.1048 LIC#LIC#LIC# C-3C-3C- 154415441544

TOP 25 51

20ALAKAI MECHANICAL CORP.

(AC, DL, SM)

Alakai Mechanical Corp. ascends one spot from its last showing, coming in at

No. 20, reporting $45.6 million in revenue for 2011, staying fairly even with 2010 at $44.3 million, a $1.3 million increase.

“We were moderately busy in 2011. Many of the jobs were obtained at a lower mar-gin than in the past years as competitive bids get tighter,” says Vice President Tony Hirata. “2012 will be a better year than 2011.”

The mechanical contractor performed

several high-profile hospital and federal-related jobs in 2011 with its 232 employees, including work at Kaiser Moanalua and the Prince Jonah Kuhio Kalanianaole (PJKK) Federal Building. For the Kaiser Moanalua ancillary remodel project, Alakai provided HVAC services within the occupied hospital. The project started in May 2010 and is expected to be completed by November 2012.

Other notable 2011 projects include the Kukuiula Plantation Core, renovations at the Grand Hyatt Kauai Resort, Craigside senior living community, Kamehameha Schools Kapalama Campus redevelop-ment and Kuhio Park Terrace renovations.

According to the firm, 2012 is looking up for Alakai as the military will contribute

to increased production.

“We expect construction to pick up based upon recently passed city and state budgets and transfer of Marines from Okinawa,” concludes Hirata.

Alakai provided HVAC for the occupied hospital renovation at Kaiser Moanalua.

ABC 7046

52 TOP 25

CHARLES PANKOW BUILDERS, LTD.21-

ing and tenant improvement, design-build, design-assist and preconstruction

Coming in at No. 21, Charles Pankow Builders, Ltd. reports revenue of

$43.4 million in 2011, compared to $51.2 million from 2010. Mike Betz, vice president and regional manager, says, “Owners were apprehensive to move forward with projects, but those with the ability to do so, were trying to move forward to take advantage of the current market. Despite the overall struggles of the industry, we were not only able to maintain our staff but hire four new people, one project engineer and three project managers.”

Projects that did move forward include a joint venture with Archer Western Con-tractors, to build the Federal Bureau of

Investigation (FBI) Honolulu Field Office, one of the largest federal law enforce-ment complexes in the Asia-Pacific area.

Rendering of FBI field office headquarters

The Pankow mission

We find better buildingsolutions that support our client’s success.Alternative EnergyCivic BuildingsCommunity & Not-for-Profit FacilitiesCustom HomesHistoric RenovationsHospitals & Outpatient FacilitiesHotels & ResortsMulti-family ResidentialOfficesRetail & RestaurantSchoolsMilitary

Collaborate Innovate Build

License No BC-13942

A Passion for Building

808.521.8971Know more.

pankow.com

Pankow has operated continuously in Hawaii since 1965

TOP 25 53

This new, four-story, state-of-the-art fa-cility spans 152,000 square feet and will house approximately 235 agents and ad-ministrative staff.

Laulani Village Shopping Center is Pan-kow’s retail project for Property Develop-ment Centers (PDC) in Ewa, expected to be complete by Thanksgiving. Anchored by a Safeway store, the center includes a mix of retail, restaurants and a two-story office building. Pankow is involved in both construction and tenant improve-ment build-outs of some of the shopping center’s retail stores.

Other projects include Kapiolani Medi-cal Center interior renovations, two ABC stores, a major housing renovation at Hickam, Dow Argosciences Farm Campus on Kauai and renovations to the new Otani Kaimana Beach Hotel.

Pankow is looking toward opportunities in 2012. Betz says at least two residential tow-ers are expected to begin by the end of the year, and Kakaako is beginning to move for-ward on the master plans by Kamehameha Schools and the Howard Hughes Corp. Betz

says, “Pankow is looking forward to being involved in some of those projects.”

Offering his observation about industry re-covery in 2012: “While some of the same global issues are still at play, many local in-dicators appear to be moving in a positive direction. ... Overall there is definitely more optimism in the near term.”

The Laulani Village Shopping Center project in Ewa is expected to be complete by Thanksgiving 2012.

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54 TOP 25

SHIOI CONSTRUCTION, INC.22General contracting

and drywall/plaster/finish carpentry/mill-

A $5.7 million increase in revenue – from $37.6 million in 2010 to $43.3 million

in 2011 – helps Shioi Construction, Inc. lay claim to the No. 22 position in our survey. “2011 was a year of survival for many in the construction industry,” comments Conrad Murashige, company president. “Working off of a smaller than usual backlog from 2010, much of the work in 2011 comprised a multitude of smaller contracts. Except for a limited number of new construction proj-ects, such as Paanau Village Phase II and Lanai High & Elementary School, (many of the projects) represented maintenance and renovation type work.”

The second phase of Paanau Vil-

lage, for which a ground-breaking cer-emony was held in July

2011, will add

50 affordable rental apartments to Kauai’s inventory and is nearing completion. De-signed to meet LEED-gold standards, the expansion of the Lanai school includes con-struction of six classroom buildings as well as accessory spaces such as administration and service rooms.

Shioi Construction also earned awards of excellence in this year’s General Contractors Association of Hawaii Build Hawaii Awards program for the renovation of the Kauai His-toric County Building and specialty work on the Kona Air Traffic Control Tower, both of which were completed in 2011.

Paanau Village, Phase II, will consist of 50 one to three bedroom apartments reserved for households at or below 60 percent of the Kauai median income.

Currently under construction, the new classroom buildings at Lanai High & Elementary School are designed to meet LEED-gold standards.

“We have approached 2012 with cautious optimism,” continues Murashige. “We are maintaining the same projections as 2011, but what is different in 2012 is that we do see signs of the building industry reawak-ening.” Murashige points to government stimulus projects finally moving into active construction, which he anticipates will spur private sector construction. “We have be-gun to see signs of activity in the private sector, with developers starting to dust off their old plans, but much of it is in the plan-ning and design stages. With guarded opti-mism, we do not anticipate the major work to start until early 2013,” he concludes.

TOP 25 55

0

100

200

300

400

500

600

700

800 In 1987, to make it into the Top 25, a firm’s revenue had to be more than $10.41 million, and make more than $285 million. Below, see how these high and low numbers have fluctuated over the years.

LOWHIGH

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

COMPETITIVE MARKETPLACE 1

0.41

10.

60

16.

00

18.

60

22.

50

23.

90

21.

10

24.

00

20.

40

16.

30

17.

89

17.

60

16.

00

14.

80

18.

00

20.

62

16.

00

17.

68

19.

22

31.

01

41.

11

51.

21

56.

40

37.

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29.

51

285.

00

435.

00

420.

00

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00 492.

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00

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00 307.

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30

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00 280.

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345.

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432.

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530.

00

Lic# ABC-12379

Serving Hawai‘i

since 1948

Commercial Buildings Resorts and Hotels Healthcare Multi-Family and Residential Condominium Schools

Tenant Improvements, Renovations and Restoration Design-Build

56 TOP 25

HONOLULU BUILDERS, LLC23

Propelled by a $10.79 million increase in revenue – from $29.51 million in 2010

to $40.3 million in 2011, Honolulu Builders, LLC takes a two-spot hop up to take the No. 23 position.

Projects that kept the 12-year-old firm busy lay primarily in the public sector, including work with the University of Hawaii (UH), state Department of Education and county agencies. “But we also saw a rebound in private work in the retail and residential sectors,” says Dan Jordan, a principal of the company.

“2011 was our best year in terms of construc-tion dollar volume but was very challenging in terms of profitability margin,” he says. “We had many projects that our subcontrac-tors struggled on, and it created situations where we had to switch subs mid-stream and absorb some losses. We see that repeated in the market as subcontractors have either shut down their business or required finan-cial assistance to survive projects.”

Key projects of the year include the exte-rior renovation of The Whaler at Kaanapali Beach, which began in March 2011 and was completed a year later; the extensive renovation/expansion of UH Manoa’s Cam-pus Center, a more than two-year project slated for completion in February 2013; the

new Wahiawa Transit Center, completed in October 2011; and a project at Keeau Middle School on the Big Island, also fore-casted to be complete in February 2013.

UH’s upgraded Campus Center will include a new two-story recreation center and re-lated renovations to the existing building. The complex will house a multipurpose gymnasium, an indoor jogging track, a fit-ness center for cardiovascular and weight training, multipurpose fitness studios, lock-er rooms and showers.

The Wahiawa Transit Center is a two-level, 46,000-square-foot structure with two bus lanes, seven bus loading zones, passenger waiting areas, parking and five storage rooms.

“We are optimistic about 2012,” says Jor-dan of the year ahead. “We are working on numerous negotiated and design/build projects and expect that all of these will proceed to become active construction projects by the third and fourth quarter and carry us well into 2013. We are work-ing on more private work and we see that increasing as the year unfolds.”

When completed in February next year, UH’s new Campus Center will be a two-building complex with enhanced student and activity services.

The new Wahiawa Transit Center and its prominent pineapple motif visually pays tribute to the area’s history as a major source of pineapple production.

800 Bethel Street, Suite 401Honolulu, Hawaii 96813

Phone (808) 521-1855 | Fax (808) 521-1513 www.honolulubuilders.com

Maui Arts and Cultural Center - Yokouchi Family Pavilion and Courtyard

BUILDING ON EXPERIENCE TO PRODUCE QUALITY RESULTS

ABC 24216

58 TOP 25

RALPH S. INOUYE CO., INC.24design-build, schools, hospitals, telecom, airport

No. 24 is Ralph S. Inouye Co., Ltd. “2011 marked the fourth year in a row where

contract volume has decreased; however, we still consider ourselves fortunate that we had enough work to keep busy,” says Wes Mikuni, vice president and chief finan-cial officer.

One such project is the Seawinds Apart-ments for Housing Solutions Inc. (HSI). The project provides 50 units of housing for low–income individuals and families. The units are spread over 15 one and two-story buildings on a 3-acre site in Waianae.

Also keeping the firm busy was its No. 1 Capitol District Building Courtyard Reno-vation. A statement from Ralph S. Inouye describes the project: “The new courtyard improvements combine the artistic ele-ments of a sculpture garden while staying within the low-maintenance parameters required of all state facilities. As a regis-

tered site with the State Historic Preser-vation Division (SHPD), not only was addi-tional care required in working within the site, but improvements were designed and constructed to allow for possible future re-moval. The public is now able to appreciate local artwork within an artistically designed courtyard setting.”

Ralph S. Inouye Co., Ltd. is the general contractor behind the No.1 Capitol District Building Courtyard Renovation.

Celebrating 25 years Providing Quality

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building materials supplier for over 16-years.(808) 986-0380 - Fax (808) 986-0385515 E. Uahi Way, Wailuku, HI 96793

RSI ROOFING & BUILDING SUPPLYHawaii’s largest roofing supply business. Since 1983, we have been providing only the finest

roofing and building materials at the mostaffordable prices.

(808) 242-5535 - Fax (808) 249-0057221 S. Wakea Ave., Wailuku, HI 96793

RME CONSTRUCTION SUPPLYe. Reliable. Respected”“Responsibledrywall, steel stud, stucco,ing quality novidinPProvidin

acoustical ceiling materials ion, and ainsulatiiinsulatiunty for over 25 years.Maui Couin5808) 877-755))(808)(808)(808)(808(808(808 - Fax (808) 871-5679Ave., Wailuku, HI 96793Ave Wailuku HI 96793221 S. Wakea 221 S Wakea22122122

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TOP 25 59

25ROYAL CONTRACTING CO., INC.

sitework and landscaping

Grabbing the No. 25 spot is Royal Con-tracting Co., Ltd., a general contractor

that hasn’t been ranked in several years but is no stranger to the Top 25 list.

Leonard Leong, company vice president, says: “We were able to maintain our work-force company wide. We were fortunate that were able to continue with a mixture of pri-vate and public contracts ranging from earth-work to marine building.”

Leong says one worthwhile project of the year was the Ewa Villages Area H project, rental-housing for low-income families.

“One of the great challenges to building in Ewa is the expansive soil found there,” says Leong. “On this project, the expansive or adobe soil was hauled out and replaced with imported coral, thus minimizing future problems that may arise.”

About 2012, Leong says: “Gov. Neil Aber-crombie and the Legislature have funded $300 million to $400 million for construc-

tion projects, but regulations have imped-ed the desired effect of the proposed proj-ects. The permit review process in particu-lar needs to be expedited. An increase of employing 20 to 30 employees by the cur-rent government agencies involved in the permitting review will enhance the process, thus enabling 500 to 1,000 construction-re-lated workers to find employment.”

Royal Contracting Co., Ltd., performs roadway construction at Ewa Villages Area H. The company posted $28.4 million in revenue for 2011.

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QUICK QUIPS

“In terms of the pursuit of work, it’s much better than what it was. But the actual in-place activity is still a bit limited so far this year.” — Bill Wilson, Hawaiian Dredging Construction Co., Inc.

“We believe historically low mortgage rates will help raise consumer confidence and boost residential con-struction this year. However, this being an election year, rising confidence may be short-termed due to potential uncertainty of what a new administration could bring.” – Evan Fujimoto, Graham Builders, Inc.

“2012 will be much better than 2011 but not up to the rev-enue levels of prior years. The outlook is positive compared to this time last year. … I’m hopeful this trend will continue through the end of the year. It’s definitely an encouraging sign.” — Richard Hetzel, Healy Tibbitts Builders, Inc.

“2012 will be our biggest year ever in Hawaii.” — George Ehara, Swinerton Builders

“While some of the same global issues are still at play, many local indicators appear to be moving in a positive direction.” — Mike Betz, Charles Pankow Builders, Ltd.

“We were fortunate in 2011 to be able to achieve most of the goals that we had set at the beginning of the year. We met our client service, timeliness and quality work goals, which translated into a financially successful year.” — Gary Oda, Allied Builders System

Here are some words of wisdom straight from leaders of this year’s Top 25 Contractors and Noteworthy Contenders.

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TOP 25 61

“I think 2012 will still be a period of re-covery for the con-struction industry.” — Glen Kaneshige, Nordic PCL Con-struction, Inc.

“Our diversity of skill sets and flex-ibility of delivery methods have en-abled us to keep our employees working in a very competi-tive market.” — Eric Tessem, dck pacific construction, LLC

“Right now, interest rates are low. Our No. 1 industry, tourism, is going strong, and even the military is looking well. All the signs look good but it’s a question of raising consumer confidence.” — Russell Young, Albert C. Kobayashi, Inc.

“Backlog has grown from a year ago, but we notice it’s taking longer to secure project fi-nancing and permits in order to get projects started. Also, we’ve been involved in a num-ber of design-assist and design-build proj-ects that have longer project life cycles.” — Wes Mikuni, Ralph S. Inouye Co., Ltd.

“Unfortunately, our forecasts show we will continue to slide in 2012. Realisti-cally, we don’t see anything very promis-ing this year.” — Les Masutani, Coastal Construction Co., Inc.

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62 TOP 25

TRULY CYCLICAL

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Here’s further proof that construction really is a cyclical industry. This graph shows the total revenue the Top 25 Contractors have collectively contributed to the economy the past 25 years.

1987

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TOP 25 63

In the following profiles, we salute our Noteworthy Contenders for their dedicated work and outstanding efforts during another difficult year.

The companies include old friends and iconic companies with a long history in Hawaii. Healy Tibbitts Builders, for example, has been serving the islands for 48 years and has been highlighted several times as one of our Top 25 companies. Koga Engineering & Construction, Inc., familiar name on recent Top 25 lists has a 39-year history in Hawaii and Arita Poulson General Contracting, LLC, also one of our Top 25 in previous years is a 26-year old kamaaina firm.

Graham Builders, Inc. (22 years in Hawaii) and Nova Group, Inc. (31 years of Hawaii service) have been honored as Noteworthy Contenders in past years while Allied Pacific Builders, Inc. is a brand new name on the list.

Just $7.23 million in revenue separated the first of our Noteworthy Contenders from the Top 25 — a close race in a tough year. Good job all the way around!

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64 TOP 25

Despite challenging times, Arita Poulson General Contracting, LLC managed to

outdo itself in 2011. The 26-year-old firm posted $21.2 million in revenue, surpassing its previous revenue by $1.9 million. The kamaaina company holds the spot right be-low the Top 25 cutoff mark.

Robert Poulson, co-owner of Arita-Poulson, says the Puunene-based company man-aged to keep busy despite slow and pro-longed economic recovery in 2011. His em-ployees were busy working on a mixture of public and private projects.

Poulson mentions three projects that represent the best of their work in 2011: Kaiser Maui Lani Pharmacy, an internal pharmacy at the Wailuku Maui Clinic that allows medicines to be compounded at that location; Maui Printing Company, a printing company that relocated to its own Central Maui facility in Waikapu; and Seabury Hall Creative Arts Building, a new building to replace the former structure (scheduled to open by September 2012).

Poulson says 2012 is shaping up to be a better year than 2011.

“We do expect a slight pickup this year,” says Poulson. “More work is becoming available.”

Arita Poulson General Contracting, LLC is handling the construction of the Seabury Hall Creative Arts Building. In this photo, subcon-tractor B & K Builders is installing roof panels on the creative arts building.

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TOP 25 65

In keeping with what Clay Asato, company president, describes as a

“fairly stable” year, Koga Engineering & Construction, Inc. reports 2011 revenue of $21 million, just a slight decrease from 2010’s $22 million revenue.

“We were fortunate Kauai had a higher volume than usual,” Asato explains. “The Kauai Algae Farm project really helped us in 2011.” The project itself is being developed by Hawaii BioEnergy, LLC (established by Kamehameha Schools, Grove Farm Co. Inc., and Maui Land & Pineapple Company, Inc. to

research and develop local renewable bio- energy projects). A unique undertaking, the project involves the installation of mas-sive ponds and water pumps to grow and har-vest algae on 30 acres of agricultural land in Kapaia, Kauai. Once harvested, the algae is dried and processed to make alternative bio-fuel, helping the state meet its Hawaii Clean Energy Initiative goals while reducing carbon dioxide emissions. Koga’s involvement with the algae farm was completed in 2011.

The Pearl Harbor Fitness Center, complet-ed this year, was a design-build project with general contractor Kiewit Building Group, Inc. involving construction of a more than 62,000-square-foot, two-story modern fit-

roadways

The Kauai Algae Farm, for which Koga is performing sitework, is being developed on 30 acres of ag land.

ness facility. Work began in July 2010. “Col-laboration by all involved made the project successful,” Asato says.

“2012 will be a much tougher year for us,” says Asato looking ahead. “Projects we were awarded did not start or were cancelled and re-bid. We are cautiously optimistic about the remainder of 2012 going into 2013. There are numerous projects out to bid in every sector.”

KOGA ENGINEERING & CONSTRUCTION, INC.

66 TOP 25

systems, marine infrastructure

NOVA GROUP, INC.

With revenue of $17.6 million, 2011 was a good year for Nova Group,

Inc., according to Carole Bionda, the firm’s vice president, “just slightly down from 2010, which was an exceptional year.” Bionda attributes this to the “robust” health of Nova Group’s niche markets: hydrant fueling and marine waterfront utilities, especially the marine projects.

Two key projects that were both begun and completed in 2011 were the Bravo Pier Repairs and the Fender System Repairs at Gundocks 2.

Describing the scope of work of the Bravo Pier repairs, Chris Mathies, vice president of operations, says, “For this project we removed 1,288 existing timber fender piles and Nova then, at its casting yard located in Campbell Industrial Park, precast 89 new 24-inch by 24-inch fender piles ranging in length from 75 linear feet to 113 linear feet.” Mathies is a recent addition to the Nova Group staff, having joined the company in 2011, responsible for all Hawaii projects.

After transporting the properly cured piles to the jobsite, Nova Group used its own BMC-32 barge and a Sumitomo crane to drive them into place. “Another part of this project was that the existing pier had nu-merous concrete spall repairs that needed fixing,” Mathies continues, both under pier repairs and top deck pier repairs. The under

deck repairs con-sisted of 3,300

square feet while the top deck cons i s ted of 5,500 square feet

of repair and removal.”

The Gundocks project consisted of removing 13 existing timber fender piles and installing 13 new 24-inch by 24-inch, 105-foot long piles also precast by Nova.

“2012 is shaping up nicely,” continues Bionda, remarking on this year’s conditions. “We (recently) were awarded two marine task orders under our marine IDIQ (indefi-

nite delivery, indefinite quantity) MACC (multiple award construction contract) in Hawaii and are working as a subcontractor – something new for us – on another ma-rine IDIQ MACC at Pearl Harbor.

“2012 has every indication of being as good as 2011 and has the potential to be better,” concludes Bionda.

Pilecast preparations for the Bravo Pier project; Nova Group precast all piles used for the project.

As part of its Bravo Pier repair project, Nova Group installed 89 new precast concrete piles.

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Founded in 1976, Nova Group, Inc. primarily provides infrastructure construction services to federal government agencies throughout the United States and internationally.

Nova has earned the reputation as one of the nation’s most experienced and respected general engineering contractors in the specialized areas of hydrant fueling, waterfront and utility construction.

MISSION: Nova is continuously recognized for using innovation to construct quality projects that exceed its customers’ expectations, safely and profitably in a manner that rewards teamwork.

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68 TOP 25

SURVEY HIGHLIGHTS

listed in the current Top 25, 56 percent, reported revenue in-creases between 2010 and 2011.

Kobayashi, Inc., which earned $102 million more in 2011, $182 million, compared to $80 million in 2010.

-tors contributed $2.64 billion to the economy in 2011.

The following are some interesting highlights of this year’s survey, along with a variety of notable historic facts encompassing the past 25 years.

make more than $28.43 million in 2011 to make it into the Top 25 this year, compared to $29.51 million previously.

Top 25, equivalent to 40 per-cent, have been doing business in Hawaii for more than 50 years. Another nine contractors have been doing business for 25 years or more.

Top 25 contractors is 46.44.

Top 25, 18 companies, employ more than 100 people.

-tively employ 5,233 people.

largest labor pool, employing 555 workers.

-

-

-

-

-

-

-

-

HISTORIC HIGHLIGHTS

TOP 25 69

current list is 209 employees.

sector work, a surprisingly low 36 percent – nine contractors – of the Top 25 companies do more than 50 percent in the public sec-tor. The highest, with 99 percent of its projects in the public sec-tor, is Watts Constructors.

-tract 50 percent or more of their work.

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A WEEKS MARINE COMPANY

Winner of the 2011 and 2012 GCA Build Hawaii Grand Award for Repair Wharf S-1 and Submarine Drive-In Magnetic Silencing Facility.

Over 100 Years of Award Winning Experience in Dredging; Piledriving; Wharf, Marina and Breakwater Construction; Submarine Pipelines and Cables; Heavy Lifts.

Largest Fleet of Marine Construction Equipment in Hawaii.

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HEALY TIBBITTS BUILDERS, INC.General Contractor - Lic # AC-1566999-994 Iwaena Street, Suite AAiea, Hawaii 96701(808)487-3664www.healytibbitts.com

HEALY TIBBITTS BUILDERS, INC.E WORLD FOR OVER 100 YEARSSERVING THE

Waikiki Beach Maintenance Project

TOP 25 71

-tion, dredging, deep foundations includ-ing piledriving and drill shafts

HEALY TIBBITTS BUILDERS, INC.

Healy Tibbitts Builders, Inc. was unfor-tunately hit hard in 2011, experienc-

ing a $27.69 million drop from 2010, but pushed through and kept its competitive edge, receiving two significant contract awards. According to Rick Heltzel, CEO of Healy Tibbitts, the overall revenue drop was due to a reduced volume of water-front work being solicited by the state and Navy in the second half of 2010 and most of 2012.

“This, coupled with a competitive market, where firms pursued non-traditional water-front work at historic low prices, made for a very challenging year,” says Heltzel.

On a positive note, the firm stayed busy on many projects, including renewable en-ergy projects. One of its contract awards was for Honolulu Seawater Air Condition-ing’s Deepwater Intake and Discharge Pipelines installation. The other is for the state Natural Energy Laboratory of Ha-waii Authorities’ 40-inch Seawater Pipe Transition Section Upgrade project. Healy Tibbitts soon will start a $6 million main-tenance-dredging project for the Navy, awarded late 2011.

Other project highlights were the Navy’s $9.5 million Repair V-1 Dock, a design-built wharf upgrade project that replaced the entire deteriorated concrete deck structure and fender system, with state-of-the-art marine concrete and cathodic protection system. Contract design work started in late 2009 with final completion in early 2012 and the Navy’s $3.5 million OPN X, Y, Z Loop Cable Installation at Beckoning Point, a follow-up project to the Healy Tibbitts and Watts Constructors’

$88 million Submarine Drive-In Magnetic Silencing Facility project. The project included installation of more than 180,000 square feet of cable on both the new pier overhead truss structure as well as underwater throughout the 700-foot long pier slip. Work also included installing 63 underwater magnetometer sensors and sensor cables. Work commenced in

In 2011, Healy Tibbitts completed its $88 million Submarine Drive-In Magnetic Silencing Facility Project.

early 2011 and was completed in the first quarter of 2012.

Heltzel says, “2012 will be much better than 2011 but not up to the revenue levels of pri-or years. The outlook is positive compared to this time last year. … I’m hopeful this trend will continue through the end of the year. It’s definitely an encouraging sign.”

Healy Tibbitts completed its $9.5 million V-1 Dock repair for the Navy.

72 TOP 25

ALLIED PACIFIC BUILDERS, INC.

The year 2011 started off as busy as ever for Allied Pacific Builders. The

company kept occupied with new con-struction renovations, roofing, and general contract work on federal, state and city & county and commercial contracts. For 2011, revenue was $12.69 million com-pared to $15.2 million in 2010.

Concerning 2012, Mel Buen, project man-ager for the firm, says, “There are a lot of jobs out there to bid on, and (we are) doing our best to get more jobs.”

A notable project for the year was the renovation of Building 1856, a dormitory at Hickam Air Force Base, that began May 10, 2010 and was completed on Feb. 24, 2012.

It included interior renovations, painting, installation of new plumbing and electrical fixtures, carpeted flooring in the bedroom and ceramic tile in the vanity and shower areas, new vanity cabinets and wardrobe closet, new mirror and medicine cabinets in all 94-units. In addition, Allied Pacific reno-vated the building’s lounge room, public toilets, laundry room and gathering room and upgraded its HVAC system.

Newly renovated Building 1856 dorm at Hickam Air Force Base

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TOP 25 73

GRAHAM BUILDERS, INC.

construction – new builds, renovations, remodeling, multigeneration

For Graham Builders, 2011 was a “multi small-project year with remodels and

additions in the $100,000 to $300,000 range,” explains Evan Fujimoto, Graham’s president. Although 2011 was somewhat challenging, Graham Builders fiscally stayed the same in 2011 as it did in 2010, coming in at $4.7 million.

A representative example of Graham Build-ers’ 2011 workload is the Nelson-Keller “build a home for life” design/build proj-ect. The family wanted their new home to reflect their lifestyle and personal character individually and as a family, and be reminis-cent of Aaron Nelson’s childhood. The proj-ect began October 2011 and is scheduled to be completed August 2012.

As for Graham Builders’ future, Fujimoto says, “We believe historically low mort-gage rates will help raise consumer confi-dence and boost residential construction this year. However, this being an election year, rising confidence may be short-termed due to potential uncertainty of what a new administration could bring.”

Graham Builders’ Nelson-Keller $4.7 million design/build project on Spinnaker Isle in Hawaii Kai

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74 TOP 25

MAHALO

For 25 years, you have taken the time and made the effort to share your history, activity, financial information and other statistics with us.

We, in turn, used that information, supplemented by our own research, to create the now iconic Top 25 list, as well as the list of our highly respected Noteworthy Contenders.

Some of you have been with us from the start. Some of you disappeared from the list for a while and then came back strong.

Some of you are fairly new to the list.

But for the most part, we have been together through bright days and boom times, celebrating and planning for the future.

We also have been together in darker days and extremely tough times.

Through it all, you have been resilient, resourceful, determined to survive, succeed, grow — and give back.

We are proud to know each and every one of you.

We look forward to many more years of Hawaii’s Top 25 Contractors list and recognition of our Noteworthy Contenders.

Thanks for the memories.

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