Skanska Building USA • Daily Journal of Commerce
Skanska has a six-step approach to engaging diverse vendors that includes conducting consistent outreach, crafting project-specific, inclusive procurement strategies and marketing projects. It also provides technical assistance and support, captures spend and perform compliance and reviews best practices and lessons learned.
“Skanska pursues community collaborations and undertakes mentoring and coaching with smaller and growing diverse firms to ensure their long-term success,” said Tim Johnson, executive vice president and general manager. “We are dedicated to supporting emerging, diverse and start-up companies because we believe we have a responsibility as a business in Oregon and Southwest Washington to do our part to grow and strengthen the diverse, talented community, which is the foundation of who we are.”
In one instance, Skanska worked with a smaller subcontractor that needed guidance on cash-flow management. It helped the firm change its cash-flow model, which set it up for success during and after the project. Skanska strives to foster a community of people willing to mentor, coach and guide its partners for the success of its projects and its COBID partners.
Skanska’s collaborative outreach events include Meet the Primes, where public agencies join the industry’s largest general contractors and sub-primes to meet COBID companies with contract opportunities.
Johnson said Skanska benefits as well from its partnerships with COBID businesses. “Here in Skanska’s local operations, we are continually reaching out to MWESB businesses, working with them to bid on our projects, actively cultivating deeper relationships and engaging early on to help grow their opportunities right alongside ours.
Specifically, we all benefit by raising the voice and bidding power of these firms to cultivate a stronger, diverse industry.”
Skanska is one of the world’s leading construction and development companies. Its local operations comprise the Oregon and Southwest Washington regions, and in 2019 it had revenues of $980.6 million. The 2019 combined Oregon and Washington gross revenues totaled $1.52 billion.
In the U.S., Skanska’s core operations include building construction, civil infrastructure and developing self-financed commercial properties, which together generated $7.6 billion in revenue in 2019. It has invested a total of $2.7 billion in commercial and multifamily projects.