Turner Construction

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Turner Construction Company
Type Subsidiary of Public Company
Founded 1902
Founder Henry C. Turner
Headquarters 375 Hudson Street New York City, Flag of the United States
No. of locations 50 Offices in the US
Presence in 20 Countries
Massachusetts, Connecticut, New York, New Jersey, Maryland, Virginia, Ohio, Georgia, Alabama, Florida, Michigan, Illinois, California, Washington, Oregon, Texas, Missouri, Pennsylvania, North Carolina, South Carolina
Area served International
Key people Peter J. Davoren (President & CEO)
Nicholas Billotti (EVP)
John DiCiurcio (EVP)
Bill Brennan (EVP)
Pat Di Filippo (EVP)
Stu Robinson (EVP)
Rod Michalka (EVP)
Wilfried Eckhert (EVP, CFO)
Kenneth Leach (EVP)
Industry Construction Management, General Contracting
Products Preconstruction Consulting
Logistics
Services Consulting
Revenue $8.5 billion (2006)
Employees 5,800 (2007)
Parent Flag of GermanyHochtief
Divisions Green Building
Healthcare
Pharmaceutical
Biotechnology
Sports
Transportation
Aviation
Subsidiaries Turner International
Turner Universal
Service Products Buildings, Inc.
Tompkins Builders, Inc
Website www.turnerconstruction.com

Turner Construction Company is one of the largest construction management companies in the United States with a construction volume of $8.5 billion in 2006. According to Engineering News-Record, October 2006, Turner ranks first or second in major segments of the building construction field.[1]

Contents

[edit] Overview

Turner has 46 offices in the U.S., is active in 20 countries and averages 1,600 projects per year. Turner services include construction management, general contracting, consulting, construction procurement, insurance and risk management. According to Engineering News-Record’s 2006 Top 400 Contractors Sourcebook, Turner is the largest general builder in the U.S. in healthcare, education, correctional and commercial office facilities. Turner ranked second in the sports sector, and was a “Top 10” firm in multi-unit residential projects, airports, auto plants, entertainment, pharmaceutical, hotels, motels, convention centers, telecommunications, religious and cultural, government and light industrial processing facilities.[2] Turner Construction is particularly active in the New York area, which produced revenues of approximately $1,730.0 million in 2006 and $1.490 million in 2005. Some of it’s New York projects include the New Yankee Stadium, Lincoln Center, InterActiveCorp and the New York Times. In Crain’s 2006 list of the top 25 construction companies in New York, Turner received the top position, followed by Skanska USA, Tishman Construction, and Structure Tone Inc.[3] Turner was crowned the Top General Contractor in Washington, DC in 2007. Long time holder of number one Clark Construction was moved to the number two slot.

[edit] History

Henry Chandlee Turner (b.1871) created Turner Construction during 1902 with $25,000 in start-up capital in New York City on 11 Broadway. Turner's first job, a $687 project to build a concrete vault for Thrift Bank in Brooklyn. In 1903, a Scottish industrialist named Robert Gair involved in manufacturing paper products hired Turner Construction to build a plant in Brooklyn. The facility, finished in 1904, measured 180,000 sq-ft, making it the largest reinforced concrete building in the US. At the same time the company was developing plans for the Gair building, it began building staircases for the New York City subway system. The stairs were designed to be constructed with steel, but Turner thought concrete was a less expensive alternative. After examining public bidding records, Turner undercut competing offers and was awarded the chance to build several staircases in concrete. His alternative worked, leading to contracts for over 50 staircases and platforms for the Interborough Rapid Transit. Branch offices were established to help the company maintain its expanding geographic scope, beginning with an office in Philadelphia in 1907, Buffalo in 1908, followed by a Boston office in 1916. When the US entered World War I, Turner was among the country's most successful builders. The first 15 years of Turner's history saw it complete $35 million worth of work and constructed buildings for some the country's largest businesses, including Western Electric, Standard Oil, Kodak and Colgate.

From World War I to the Great Depression, the company's billings grew from under $12 million to nearly $44 million. Like most industries, construction suffered during the economic collapse and Turner's volume fell to $2.5 million by 1933. The company recovered and revenues increased to $12 million by 1937. The company's commercial construction was suspended during the war years, instead focusing on constructing military camps, factories, and government buildings. Henry Turner ended his reign as president in 1945. He relegated himself to chairman, making room for his brother, Archie Turner, as president. Archie Turner led the company through the war, but poor health limited his tenure. In October 1946, Henry Turner retired as chairman, handing the post to his ailing brother. For his replacement, Archie Turner selected Admiral Ben Moreell, the individual responsible for forming the Seabees. One month after his appointment, Archie Turner died of a heart attack. Four months later, Moreell resigned, and the void was filled by Henry Turner's son, Henry Chandlee (Chan) Turner, Jr.

[edit] Turner Universal History

Turner Universal started out as a company in Huntsville,Alabama. When (The Late) Franklin P. Gresham started the company Universal Construction, it quickly grew. Upon his retirement, Mr. Gresham sold his successful company to Turner Construction, thus, creating Turner Universal.

[edit] Postwar projects

The John F. Kennedy Library
The John F. Kennedy Library

Under Chan Turner the company grew as a result of numerous high-profile construction projects. After surpassing $100 million in revenues in 1951, Turner built the United Nations Secretariat building in New York in 1952 and the New York headquarters of Chase Manhattan Bank in 1956. During the 1960s, notable projects included the Lincoln Center for the Performing Arts in the early 1960s and Madison Square Garden in 1967. A branch was opened in Cincinnati in 1954, followed by offices in Los Angeles in 1964, Cleveland and Columbus in 1966, and San Francisco in 1968. In 1969, Turner issued over-the-counter stock. In 1972, the company's stock began trading on the American Stock Exchange. The company adding offices in Detroit and Denver in 1973; Pittsburgh and Atlanta in 1976; Seattle in 1977; and Miami and Portland in 1979. Notable projects included the Vanderbilt University Medical Center Hospital in 1974 and the John Fitzgerald Kennedy Library in 1977, the year Turner eclipsed $1 billion in sales.

Howard Sinclair Turner became president in 1965, and was chairman from 1970 to 1978, when he was succeeded by Walter B. Shaw. Shaw joined the company shortly before the war, was one of Admiral Moreell's Seabee officers in the Pacific and returned to Turner Construction after the war. In 1984, Shaw appointed Herbert Conant as president. In 1984, the Turner Corporation was formed as a holding company with Turner Construction, Turner International Industries and Turner Development Corporation, as subsidiaries. In this new guise, the company added to its physical presence, opening an office in Connecticut in 1980; three California offices in 1983, an office in Orlando in 1984 and offices in Phoenix and Nashville in 1986. A San Jose branch was opened in 1987, followed by Dallas in 1988, and offices in Arlington Heights and Kansas City in 1989. Among the projects completed during the 1980s were the Texas Commerce Tower, United Airlines Terminal 1 at O'Hare International Airport, and Los Angeles' First Interstate World Center.Turner currently has offices in 46 states. Its current CEO and President is Peter Davoren.

[edit] Turner Construction in the 1990s and present

Exterior of Invesco Field at Mile High on November 2004
Exterior of Invesco Field at Mile High on November 2004

Turner Construction Company erected several sports stadiums during the 1990s. The field was not new to the company: their first sports contract was construction of the promenade at Harvard Stadium in 1910, followed by a football stadium for the University of Pittsburgh in 1925. In 1995, the company completed construction of the Rose Garden Arena, Portland. In 1996, they built a 72,000-seat stadium in Charlotte, North Carolina, followed by completion of INVESCO Field at Mile High in 2001.

In August 1999, Hochtief AG of Germany purchased The Turner Corporation for $370 million. By extension, Turner Construction Company, gained access to Hochtief’s operations in Australia, the United Kingdom and the heavy construction field. In 2002, Turner Construction expanded its presence in the Washington D.C. area by acquiring J.A. Jones-Tompkins Builders, Inc., the former subsidiary of J.A. Jones Construction Company. Tompkins Builders, Inc., a new entity, is now a wholly owned subsidiary of Turner Construction.

Modern Healthcare Magazine ranked Turner as the number one healthcare builder for 20 years, with healthcare sector sales of $1.2 billion in 2003.[4] Turner Construction planned complete construction in late 2004 of the Taipei 101 Tower in Taiwan, a 1,667-foot building that was expected to be the tallest building in the world.

On February 13, 2007, Turner Construction Company was awarded two contracts totaling $317 million to provide construction management services for the University of Kentucky. The work includes construction of a $300 million, 1 million sq.-ft. patient care facility and a 1,600-space parking garage. Completion is scheduled for 2010.[5]

[edit] Building types

Turner operates a number of national segment groups, which focus on a particular building type. These include Green Building, Healthcare, Justice, Pharmaceutical and Biotechnology, Public Assembly, Sports, Transportation and Aviation. Turner also offers several services. These services include Turner Logistics, supply chain management, and Turner Casualty & Surety (TCS), which provides proactive safety and loss control programs and an operationally integrated risk management approach. Turner City illustrates projects successfully completed each year. It has been produced by the company annually since 1910.

[edit] Major projects

Burj Dubai, Dubai, United Arab EmiratesAs of July 21, 2007, the Burj Dubai is the tallest high-rise building in the world.
Burj Dubai, Dubai, United Arab Emirates
As of July 21, 2007, the Burj Dubai is the tallest high-rise building in the world.

New York

Midwest

Cleveland

Northeast

West Coast

International Projects

East Coast

[edit] References

  1. ^ Engineering News-Record 2006
  2. ^ Monster.com Jobs at Turner Construction
  3. ^ Crain’s top 25 list of construction companies 2006
  4. ^ Turner Construction named general contractor construction manager of Harborview's bond project
  5. ^ Turner Awarded Two Contracts Totaling $317 Million By The University Of Kentucky February 13, 2007

[edit] External links

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