This industry comprises establishments primarily engaged in heavy and engineering construction projects (excluding highway, street, bridge, and distribution line construction). The work performed may include new work, reconstruction, rehabilitation, and repairs. Specialty trade contractors are included in this group if they are engaged in activities primarily related to engineering construction projects (excluding highway, street, bridge, distribution line, oil and gas structure, and utilities building and structure construction). Construction projects involving water resources (e.g., dredging and land drainage), development of marine facilities, and projects involving open space improvement (e.g., parks and trails) are included in this industry.
One key trend in the "Other Heavy and Civil Engineering Construction" industry (NAICS 23799) is the increasing emphasis on sustainability and green construction methods. Companies are now more focused on integrating eco-friendly materials, renewable energy solutions, and low-impact construction techniques to meet regulatory requirements and cater to environmentally conscious stakeholders.
Another trend is the incorporation of advanced technology, such as Building Information Modeling (BIM) and drones, which enhance project efficiency, reduce costs, and improve safety. The use of predictive analytics and artificial intelligence is also on the rise, helping firms anticipate project challenges and optimize resource allocation.
Labor shortages remain a pressing issue, pushing companies to invest in workforce development programs and automation to mitigate the impact. There is an increasing collaboration between educational institutions and businesses to create specialized training programs tailored to industry needs.
Looking ahead, the industry is expected to experience steady growth driven by significant infrastructure investments from both government and private sectors. Focus on smart city development and modernization of existing infrastructure will likely provide ample opportunities for companies in this sector.
Anchored earth retention contractors
Athletic field (except stadium) construction
Avalanche, rockslide, or mudslide protection construction
Breakwater construction
Bridle path construction
Bulkhead wall or embarkment construction
Caisson (i.e., marine or pneumatic structures) construction
Canal construction
Channel construction
Cofferdam construction
Construction management, dam
Construction management, marine structure
Construction management, mass transit
Construction management, outdoor recreation facility
Construction management, tunnel
Cribbing (i.e., shore protection), construction
Dam construction
Dike and other flood control structure construction
Dock construction
Drainage canal and ditch construction
Drainage project construction
Dredging (e.g., canal, channel, ditch, waterway)
Drive-in movie facility construction
Earth retention system construction
Earth-filled dam construction
Electricity generating plant, hydroelectric, construction
Embankment construction
Farm drainage tile installation
Flood control project construction
Floodway canal and ditch construction
Gabion construction
Golf course construction
Harbor construction
Horizontal drilling (e.g., underground cable, pipeline, sewer installation)
Hydroelectric generating facility construction
Ice rink (except indoor) construction
Jetty construction
Land drainage contractors
Levee construction
Light rail system construction
Lock and waterway construction
Marine construction
Microtunneling contractors
Missile facility construction
Monorail construction
Nuclear waste disposal site construction
Outdoor recreation facility construction
Park and recreational open space improvement construction
Pier construction
Pile driving, marine
Pipe-jacking contractors
Play ground construction
Port facility construction
Power plant, hydroelectric, construction
Railroad construction
Railway construction (e.g., interlocker, roadbed, signal, track)
Railway roadbed construction
Recreation area, open space, construction
Recreational vehicle park construction
Retaining walls, anchored (e.g., with piles, soil nails, tieback anchors), construction
Revetment construction
Riprap installation
Rock removal, underwater
Seawall, wave protection, construction
Sediment control system construction
Ski tow construction
Spillway, floodwater, construction
Sports field construction
Streetcar line construction
Subway construction
Tennis courts, outdoor, construction
Timber removal, underwater
Trail construction
Trenching, underwater
Tunnel construction
Wharf construction
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.