Samsung C&T, Ranked 1st in Construction Capability Evaluation for 10 Consecutive Years... Daewoo E&C Advances to 3rd Place

Hyundai Construction Ranks 2nd... DL and POSCO Drop Three Places Each

Samsung C&T ranked first in the construction companies' construction capability evaluation for the 10th consecutive year. Daewoo E&C made a leap from 6th place last year to 3rd place this year, swapping ranks with DL E&C.

The Ministry of Land, Infrastructure and Transport announced on the 31st that Samsung C&T took first place with 20.7296 trillion KRW in the '2023 Construction Capability Evaluation' conducted nationwide for construction companies. Samsung C&T has held the top spot for 10 years since 2014.

The construction capability evaluation is a system that comprehensively assesses construction performance, management status, technical ability, and credibility to calculate the construction capability evaluation amount (evaluation amount) so that clients can select appropriate construction companies. Clients can restrict bidding based on the evaluation amount, and it is used in the operation of the Public Procurement Service's qualified list system and subcontracting minimum price system. This year, 77,675 construction companies applied for the evaluation, accounting for 86.4% of the total 89,877 companies.

Following Samsung C&T in first place, Hyundai Engineering & Construction (14.9791 trillion KRW) retained its second place as last year. Next, Daewoo E&C, which has been actively conducting domestic and overseas business since completing its merger and acquisition with Joongheung Group in December 2021, ranked third with an evaluation amount of 9.7683 trillion KRW. This is a jump of three places from 6th last year. Hyundai Engineering (9.7360 trillion KRW) also rose three places from 7th last year to 4th. GS Engineering & Construction (9.5901 trillion KRW) took 5th place.

Some companies fell three places each. DL E&C (9.5496 trillion KRW) and POSCO Engineering & Construction (8.9924 trillion KRW) dropped from 3rd and 4th last year to 6th and 7th this year, respectively. Among the remaining top 10, Lotte Engineering & Construction (6.0935 trillion KRW) and SK Ecoplant (5.9606 trillion KRW) maintained their 8th and 9th places as last year, and Hoban Construction (4.3965 trillion KRW) took 10th place.

Outside the top 10, IS Dongseo, Ssangyong Engineering & Construction, and Bando Engineering & Construction showed notable rank increases. IS Dongseo (1.8324 trillion KRW) rose fourteen places to 23rd, Bando Engineering & Construction (1.6572 trillion KRW) climbed six places to 26th, and Ssangyong Engineering & Construction (1.5672 trillion KRW), acquired by Global Sea at the end of last year, rose five places to 28th.

On the other hand, Kumho Engineering & Construction (2.3463 trillion KRW) and Samsung Engineering (1.3897 trillion KRW) dropped from 15th to 21st and 26th to 33rd, respectively. Doosan Engineering & Construction (1.3168 trillion KRW) fell eleven places to 35th compared to last year.

Looking at the construction performance by sector in general construction, in the civil engineering and architecture (civil + building) field, Samsung C&T led with 11.4425 trillion KRW, followed by Hyundai Engineering & Construction with 9.1415 trillion KRW, and Daewoo E&C with 7.0776 trillion KRW. In civil engineering alone, Hyundai Engineering & Construction recorded 1.5813 trillion KRW, Daewoo E&C 1.5612 trillion KRW, and SK Ecoplant 1.1120 trillion KRW, showing excellent performance. In architecture, Samsung C&T achieved 10.6290 trillion KRW, Hyundai Engineering & Construction 7.5601 trillion KRW, and GS Engineering & Construction 5.5297 trillion KRW.

This content was produced with the assistance of AI translation services.