City contractors: ranked by vendor payments from the City of Los Angeles.EXECUTIVE SUMMARY THE City of Los Angeles
Please [ improve this article] or discuss the issue on the talk page. and construction accounting for three-quarters Noun 1. three-quarters - three of four equal parts; "three-fourths of a pound" three-fourths common fraction, simple fraction - the quotient of two integers three-quarters npl → of the total. No. 1 Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. received more than half of the $724.4 million the city paid to financial services companies for treasury management and deposit services. US Bank, No. 2, received $131.8 million. Construction vendors, a distant second, received payments of $288.3 million from the city. Of the eight construction companies on the list, No. 3 Kenny/Shea/Traylor/Frontier Kemper Kemper may refer to:
tr.v. in·cept·ed, in·cept·ing, in·cepts To take in; ingest. [Latin incipere, incept-, to begin, take up; see inception. Sewer tunnel tunnel, underground passage usually made without removing the overlying rock or soil. Although tunnels are approximately horizontal, they must be built with sufficient gradient for proper drainage. project. Accounting or 9 percent of total payments, health care placed third among the sectors with $119.2 million in contracts. Kaiser Foundation The mission of the Kaiser Foundation is to assist individuals and communities in preventing and reducing the harm associated with problem substance use and addictive behaviours. External links
--Nicole Taylor Taylor, city (1990 pop. 70,811), Wayne co., SE Mich., a suburb of Detroit adjacent to Dearborn; founded 1847 as a township, inc. as a city 1968. A small rural village until World War II, it developed significantly in the second half of the 20th cent. THE TRENDS Big Money Financial services take bulk of contacted services, ranked by value. (in millions) [GRAPHIC OMITTED] The Budget Dollar How the City of Los Angeles spends its budget. Community Safety 39.3% Environment 26% Transportation 13.2% Administration & Support 12.3% Cultural/Educational 6.4% HR & Economic Assistance 2.8% Note: Table made from pie chart. Source: City of Los Angeles budget THE PACESETTER BANK OF AMERICA As the city's primary treasury management bank, Bank of America was paid $438.2 million for the fiscal year ended June 30 and was the largest private contractor contractor n. 1) a person or entity that enters into a contract. 2) commonly, a person or entity that agrees to construct a building or to provide or install specialized portions of the construction. for the City of Los Angeles. Payments to the Charlotte, N.C.-based bank accounted for close to a third of the those made to the 25 largest city contractors, with No. 2 US Bank trailing by more than $300 million. Bank of America handles deposits and bank transactions, short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. investments and acts as the merchant bank behind all city credit card transactions. It has been the primary treasury management bank since 1995. Bank of America is slated to move its National Consumer Banking and California headquarters from Arco Plaza For the hotel in New York City, see . Plaza (IPA /'plaθa/ or /'plasa/ on Flower Street to the renamed Bank of America Plaza There are several buildings in the United States called Bank of America Plaza:
Bank of America's reach extends nationwide, with approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 4,400 domestic offices. The bank's October October: see month. merger with FleetBoston Financial FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were given the Bank of America logo. Corp. will give it $900 billion in assets, making it the second largest bank in the U.S. --Nick Taylor
Rank Company Value of Value of
* address Contracts (1) Contracts (1)
* city, Zip code * '02-'03 * '01-'02
1 Bank of America $438.2 $415
555 S. Flower St.
Los Angeles 90071
2 US Bank 131.8 71.6
633 W. Fifth St., 30th Floor
Los Angeles 90071
3 Kenny/Shea/Traylor/Frontier 110.7 77.2
Kemper Joint Venture
2155 E. Seventh St., Suite 175
Los Angeles 90023
4 Chicago Title Co. 91.4 33.8
535 N. Brand Blvd., Third &
Fourth Floors Glendale 91203
5 Deutsche Bank 71.8 66.7
300 S. Grand Ave., 41st Floor
Los Angeles 90017
6 BNY Western Trust Co. 69.8 12
700 S. Flower St., 2nd Floor
Los Angeles 90017
7 Kaiser Foundation Health Plan 67.5 58.8
393 E. Walnut St.
Pasadena 91188
8 Traylor Shea Frontier-Kemper 45 NA
Kenny Joint Venture
2155 E. Seventh St., Suite 100
Los Angeles 90023
9 Sully-Miller Contracting Co. 31.4 NA
1100 E. Orangethorpe Ave., Suite
200 Anaheim 92801
10 Traylor Brothers Inc. 29.7 NA
34 Executive Park, Suite 100
Irvine 92614
11 Blue Cross of California 28.6 22.5
21555 Oxnard St.
Woodland Hills 91365
12 S. J. Amoroso Construction Co. 24.8 6.1
275 E. Baker St., Suite B
Costa Mesa 92626
13 Cigna of California 23.1 20.5
400 N. Brand Blvd.
Glendale 91203
14 Browning Ferris Industries 21.4 17.9
9200 Glenoaks Blvd.
Sun Valley 91352
15 APM Terminals Pacific (4) 17.3 NA
2500 Navy Way
Terminal Island 90731
16 Mallcraft Inc. $17.1 NA
2225 N. Windsor Ave.
Altadena 91001
17 SBC Communications Inc. 17 $11.3
1010 Wilshire Blvd.
Los Angeles 90017
18 Affiliated Computer Services 16.1 11.10
Inc.
2828 N. Haskell, Building 1
Dallas, Tex. 75204
19 First Transit Inc. 14.6 12.10
2921 Leonis Blvd.
Vernon 90058
20 LA Inc. The Convention and 14.5 15.4
Visitors Bureau
333 S. Hope St., 18th Floor
Los Angeles 90071
21 Rehrig Pacific Co. 13 NA
4010 E. 26th St.
Los Angeles 90023
22 State Street Bank & Trust Co. 12.7 27.6
633 W. Fifth St., 12th Floor
Los Angeles 90071
23 KPRS Construction Services Inc. 12.4 NA
451 W. Lambert Road, Suite 200
Brea 92821
24 Coach USA Inc. 12 11.4
12776 Foothill Blvd.
Sylmar 91342
25 Connex TCT LLC 11.6 NA
5733 Sheila St.
City of Commerce 90040
Rank Type of Work Performed Profile
* headquarters
* year established
* L.A. County employees
1 treasury management and deposit Charlotte, N.C.
services 1904
14,392
2 financial services Minneapolis
1853
607
3 construction of East Central Wheeling, III.
Inceptor Sewer tunnel 2000
NA
4 property insurance and title services Jacksonville, Fla.
1851
325
5 financial services Frankfurt, Germany
1870
100
6 financial services New York
1784
NA
7 health benefits for city employees Oakland
1945
29,397
8 construction of Northeast Evansville, Ind.
Inceptor Sewer tunnel 2002
NA
9 construction services Anaheim
1920s
NA
10 construction services Evansville, Ind.
1946
NA
11 health benefits for city employees Thousands Oaks
1937
3,500
12 construction services Redwood City
1939
NA
13 heaLth benefits for city employees Bloomfield, Conn.
1982
400
14 waste management Scottsdale, Ariz.
1970
250
15 construction on Pier 400 at Port of Madison, N.J.
Los Angeles and terminal improvements 1943
160
16 construction services Altadena
1965
NA
17 telephone, voice, data, 800 and toll San Antonio, Texas
services 1880
9,896
18 business process and information Dallas
technology services 1988
NA
19 transportation services Cincinnati
1950s
500
20 sales and marketing of Los Angeles Los Angeles
1929
60
21 crate and container products Los Angeles
1913
250
22 financial services Boston
1792
NA
23 construction services Brea
1998
42
24 transportation services Houston
1994
625
25 transportation services Knoxville, Tenn.
2001
NA
Rank Top Local Executive
* name
* title
* phone
1 Liam E. McGee
president
(213) 345-6464
2 David Rainer
president, California
(800) 872-2657
3 Michael Traylor (2)
v.p., operations manager
(323) 261-0444
4 Mike Risser
county manager
(800) 880-9124
5 Seth Waugh
ceo, Americas
(213) 620-8200
6 Thomas A. Renyi (3)
chairman, ceo
(213) 630-6400
7 Richard Cordova
president, So.Cal. Region
(626) 405-5000
8 Michael Traylor (2)
v.p., operations manager
(323) 261-0444
9 Bruce Rieser
ceo
(714) 578-9600
10 John Meagher
operations manager
(949) 475-0444
11 Ron Ragland
vice president
(805) 557-6655
12 D. McManus/P. Mason
ceo/president
(714) 433-2326
13 Peter B. Welch
president, California
(818) 756-2900
14 Greg Loughnane
district manager
(818) 504-3056
15 Glenn C. Eddy
sr. v.p.
(310) 221-4000
16 Leslie Hansen
president
(626) 398-3598
17 David Nichols
sr. v.p., Southern California
(800) 303-3000
18 Jeffrey A. Rich
ceo, director
(214) 841-6111
19 John Farrell
region vice president
(323) 584-1795
20 Mark S. Liberman
ceo, president
(213) 624-7300
21 J.B. Rehrig
ceo
(323) 262-5145
22 David A. Spinal (5)
chairman, ceo
(213) 362-7450
23 Joel H. Stensby
president
(714) 672-0800
24 Dave Dwight
v.p., general manager
(562) 634-7969
25 Dave Perreault
general manager
(323) 721-6271
NA--Not Available
(1) Total dollar value of payments from the City of Los Angeles for
the fiscal year Ended June 30, 2003 and June 30, 2002, respectively.
(2) Top local executive and phone number for Traylor Brothers Inc.
(3) Top executive information for parent company Bank of New York.
(4) Formerly Maersk Pacific Ltd.
(5) Top local executive for parent company State Street Corp.
Note: The information on this list was provided by the City of Los
Angeles Controller's Office and representatives of the companies
themselves. Companies are ranked by the total dollar amount of payments
received from the City of Los Angeles in the fiscal year ending June
30. There are no previous year rankings because there has been a change
in methodology. All vendor payments to one company were added together
instead of being kept separate, as was done last year.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c] 2003 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
Researched by Nicole Taylor
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