Family tradition and repeat business is giving one new construction company a record year -- despite a down economy and highly competitive industry.
“2010 was our most successful and profitable year,” said Jeff Bingham, president of Bingham Construction. “Our company crew 200 percent from 2009.”
In 2010, the company volume was at $3 million in revenue and it tripled its employee total from two to six.
The San Diego-headquartered company focuses on commercial construction and tenant improvements, with 75 percent of its projects coming from San Diego County and the other 25 percent from Riverside and San Bernardino counties.
“Our clients are starting to realize now is the time to get back into the tenant improvement and commercial/private markets,” said Bingham. “Companies are positioning themselves for growth, so many are upgrading their offices.”
This past year, the company was awarded a $1.5 million contract for tenant improvements at the 450 B St. tower, which is leased out by several private and public entities like the San Diego County Public Defenders Office.
Bingham equates this success to creating relationships with customers and operating an efficient company.
“Ninety percent of our work comes from repeat business,” said Bingham, who previously served as senior project manager for Reno Contracting and project director for Pacific Build Group. “We pay close attention to service and details, and it’s why I believe the company gets callbacks from our customers.”
The company does not perform any public sector work, Bingham said, because he feels you can’t provide the same quality of service as you can in the private sector.
Bingham does, however, believe in bringing on new clients and making new networks and relationships.
“You have to first build trust,” he said, adding that experience isn’t the only thing you need.
Bingham Construction likes to participate in design-build projects and finds the delivery method to be particularly advantageous when constructing office buildings.
The design-build method allows the building to meet the needs of the tenant, and in most cases eliminates the need for later improvements. Involving the designer, contractor and tenant in the construction process makes the building far more cohesive, Bingham said.
Bingham restarted the family-owned company in 2008 after it closed down when founder Richard Bingham died in 1984. Bingham Construction first began in 1942 in Sacramento, where the company built high-rises and government buildings.
Going forward, Bingham said he anticipates the company to grow in the $5 million to $10 million range in volume and to hire some project managers and field superintendents in 2011.
“I want to branch out into new clients and continue to take care of our existing clients,” he added.
16880 W Bernardo Dr. Ste., 210
San Diego, CA 92127
May 16, 2012 -- Jeff Bingham, president of Bingham Construction, talks about seeing positive changes happening in the construction industry.