Boston Business Journal, “Building Momentum: Colantonio Inc.”
Who’s Who in Construction, Jun 7, 2013, 6:00am EDT
Jay Fitzgerald, Special to the Journal
2012 Revenue: $22.1M Employees: 45
Recent major projects: New Field School, Town of Weston
To Fran Colantonio, one of the biggest drivers of his construction company’s success has been the trust and respect it’s earned with its clients over the years. That might sound corny, but trust and respect are more important than ever in a new “construction management” age of public building projects, he said.
Nine years ago, lawmakers on Beacon Hill approved a new approach by which government entities can procure contracts for major projects.
Rather than always accepting the lowest bid, government officials under the new Chapter 149A law can use so-called “construction management” contracts when building or renovating major facilities.
The law enables government bodies and contractors to work as partners on major projects, together designing new buildings, estimating budgets and going over possible unforeseen problems that could arise and drive up costs. A government entity can then decide whether to use the construction manager as the lead contractor or seek traditional bids.
A goal of Chapter 149A is also to reduce what has sometimes been acrimonious relations between government entities and contractors, who are often thrown together on projects merely because a company has submitted the lowest bid.
That’s why Colantonio, president of the Holliston-based Colantonio Inc., stresses the importance of “reputation of integrity” with clients. “If you have a track record of honesty and doing good work, people will want to work with you,” said Colantonio, 57, who founded his company in 1978. “If you have a track record of inconsistency, it will show up. People won’t want to work with you. It’s that simple.“
Last year, the 40-person company finished the $19 million Fitchburg Place, a 96-unit affordable housing project. Also last year, the company began work on the $25 million construction of the New Field Elementary School in Weston.
In recent years, some of it’s major projects have also included the $19 million renovation of campus center at Framingham State University, a $14 million residence-hall project at Fitchburg State University and a $2 million renovation of the Provincetown Public Library.