The steady slide in revenue among the Southwest's leading design firms continued for the fourth straight year in 2010, according to figures provided by the firms participating in this year's survey. Design revenue from projects located in Arizona, Nevada and New Mexico totaled $1.24 billion in 2010, down 5% from the previous year and 29% below the peak of $1.74 billion in 2006.
“The economic downturn has been a sobering experience and has reinforced our focus on being a company that provides diverse service offerings across a range of sectors,” says Tim Lines, managing vice president of the desert/mountain regions in Stantec's Phoenix office. “I believe the increased competition for each and every project has made us a stronger organization, as clients now have higher expectations for their consultants.” This renewed focus helped Stantec bring in $36.1 million in the region for 2010, moving up two spots to sixth in the overall ranking.
