Gilbane commits $4B to diversity, will strive again to hit 20% goal

Gilbane doubled down on its industry-wide push for more diversity in construction, committing $4 billion in contract awards to underrepresented firms over the next five years, including veteran, minority and women-owned businesses. Annualized, the amount would represent about 13% of Gilbane’s revenues, which were $6.2 billion in 2021. Since November 2020, for example, Gilbane has targeted the issue with its Rising Contractor Program, which pairs diverse contractors with mentors in its business units. Participants engage in classroom curriculum focused on real-world opportunities to win work. If a bid is unsuccessful, they get feedback on why. The pledge to commit $4 billion in contracts to diverse contractors and veteran-owned businesses — and report on those efforts publicly — is also part of Gilbane’s forthcoming environmental, social and governance (ESG) report.

Share This Article: