Riverside Construction Company, Inc

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Newsletter

WINTER 2010

Our new web site has been up for about 9 months and the response has been great. With plans and specifications available for most jobs through our Bid Schedule link more than 1500 subcontractors and suppliers have been able to access them without typical printing costs.  You will also find 2 new Featured Projects have been added to our site with the recent update.

In 2009 contractors who in the past had entirely performed work in the private sector jumped into Public Works projects, which continues today. In some cases as many as 30 bidders may compete for 1 job. This has driven the profit margin to near zero and put agencies at risk of small companies not being able to survive through the entire project since most cities, counties, and the state hold 5-10% for several months after the job is complete. The good side to the lower cost is some agencies are able to take the savings and move those monies to additional projects.

The acquisition of Bonadiman McCain in June has brought us additional estimating help with Jeff Bonadiman, and Brad Austin together have obtain nearly 7 million dollars worth of work this year.

Our most recent job award was Magnolia Ave Underpass for the City of Riverside. Construction will begin in early February.

A few that are in progress are as follows:

With our current backlog and promising new construction outlook, we feel confident that we can maintain our growth and productivity. In these unfamiliar economic times, we must maintain our competitive edge by keeping in mind that we are a 100% employee owned company. The past contributions, as well as future, are solely based on how efficient we are as a whole. The quality of work and professionalism of our employees will provide that valued edge over competitors for years to come.

Continue to check back often for updates, good luck to all, and be safe!