B.C.’s largest construction companies increase billing and employment

Provincial billings increased an average of 60.8% since 2013

The province’s largest construction companies have increased both their B.C. billings and B.C. employment significantly in the past year.

The average provincial billings by the province’s largest construction companies grew 60.76% to $187 million in 2017 from $116 million in 2013, based on data from Business in Vancouver’s largest construction companies’ list. During that same period, average employment rose by 7.5% to 234 employees from 218. Median local employment numbers increased by 16% between 2017 and 2016, and rose 46.7% from 2014 to 2018.

Axiom Builders Inc. had the largest one-year increase in both billings and employment out of the top five largest construction companies in the province. The company’s billings increased 49% to $295 million in 2017 from $198 million in 2016.

PCL Constructors Westcoast Inc.’s revenue fell 3.3% to $278.2 million in 2017 from $287.6 million in 2016. During this period the company’s employee count grew to 369 from 296. That increase, coupled with the decline in B.C. billings, caused its billing per employee to fall by 22.4% to $754,000 in 2018 from $971,600 in 2017.

EllisDon Corp. in 2017 raised its billing per employee by 7.1% to $2.64 million from $2.46 million in 2016 – an increase driven by a 6.7% decline in employment.