Gamma Construction Company, founded in 1985, is a commercial general contractor with offices in Houston, Texas, and Denver, Colorado. Gamma's original scope of operations consisted primarily of tenant build-out, but the company quickly diversified to commercial buildings including offices, banks and special purpose buildings for oil companies. Today, after nearly two decades of successful operations in over thirty different states, Gamma's portfolio of projects encompasses schools, restaurants, retail stores, auto dealerships and many other categories of commercial construction.
Gamma's home office, located just next to Houston's Greenway Plaza, is in close proximity to the downtown business district as well as to Houston's upscale Galleria retail shopping area. The two-story, 13,000 square foot building consists of offices for Gamma's corporate executives, its Houston project management staff, and its financial and administrative personnel.
In 1993, Gamma opened its Denver office. While much of this office's work during the first years after opening was derivative of the clients developed in Houston, the Denver office has firmly established its presence as a resident general contractor with customers unique to their location. A two-story, 11,000 square foot office, located in the pleasant Denver suburb of Glendale, is home to the branch's operations.
There are two significant client relationships that have fueled Gamma's rapid growth and profitability since shortly after the company's inception. Furthermore, the experience gained with these two clients has facilitated Gamma's further successful penetration into the specialized construction industry arenas of retail and restaurants.
The first relationship is with The May Department Stores (now Macy's) and the readily recognizable members of its chain. Gamma has built or renovated numerous stores for Macy's, Lord & Taylor, and other Macy's in Texas, Colorado, Oklahoma, Nevada, New Mexico, Arizona, North Carolina and Virginia. Other high profile retail customers with whom Gamma has completed projects are Saks Fifth Avenue and Neiman Marcus.
The second relationship is with Outback Steakhouse. Gamma has built or remodeled in excess of 500 restaurants for Outback in almost all of the states, including Hawaii, in which Gamma is licensed as a general contractor (currently thirty-seven). We have also provided construction management services for Outback in the Cayman Islands, the Bahamas, and Aruba.
Outback's addition of Carrabba's Italian Grill, Roy's Restaurant, and Fleming's Steakhouse to its fleet of theme restaurants has created new, broad layers to Gamma's restaurant clientele. Gamma has also done work for Brinker International, whose chains include Macaroni Grille, On The Border, and Grady's American Grill. Gamma's forte in the restaurant market is its ability to "fast track" the construction process. A normal completion time for prototypical restaurant designs is eight to ten weeks, from start of earthwork to grand opening.
Gamma's work is fairly evenly divided between bid and negotiated projects. We believe that a competitive bid environment maintains our perspective on our ever-changing construction industry. Gamma's normal contract size is in the $1 to $20 million range. However, our larger contracts which are typically for school districts or large retail customers, have exceeded $50 million. Over the last several years, public school projects have become an increasingly large percentage of our backlog, especially in our Houston office.
We pride ourselves on our flat corporate structure and our ability to quickly respond as requirements dictate. Our primary objectives are to accommodate our customers' needs and to efficiently produce a high-quality product.
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