ENR's Southwest City Scoop: Albuquerque

Value of new contracts expected to decline 10.5% in 2021 after rising last year

Non-residential and non-building sectors forecast to weaken, while residential activity strengthens.

City Grill

Lawrence T. Peterson
Executive Vice President
Bradbury Stamm Construction

“It’s no surprise that the economy is the big industry question in New Mexico,” Peterson says. “The pandemic has hit all of New Mexico hard, and we anticipate adjustments going forward.” Bradbury Stamm completed work on the $51.2-million, 139,000-sq-ft University of New Mexico Physics and Astronomy Interdisciplinary Science Building in August 2019 and began work in April 2019 on the $22-million Joe E. Harris Elementary School in Rio Rancho, N.M.

Firm in Focus

The Jaynes Cos.
2906 Broadway NE, Albuquerque
Chairman: Rick Marquardt
Founded: 1946
What’s New: Among the firm’s work across the state is the $120-million Presbyterian Healthcare Services Tower Phase 1 in Albuquerque, which was the company’s largest project to break ground last year.