FIP Construction

What FIP Construction does

FIP Construction, Inc. is a privately held general contractor headquartered in Farmington, Connecticut, founded in 1963 and operating with 51-100 employees. The company delivers comprehensive design/build, construction management, and general contracting services across six vertical sectors: education, healthcare, research and development, commercial and industrial, assisted living, and specialty cultural projects. Its project portfolio spans facility sizes from roughly 2,400 to 330,000 square feet, with marquee engagements including over a dozen sub-projects at Hartford Hospital, fourteen-plus projects at Quinnipiac University, and a multi-phase Workplace of the Future at Boehringer Ingelheim's Danbury/Ridgefield campus.

The firm's underlying capability stack centers on construction management practices supplemented by Building Information Modeling (BIM) for pre-construction and coordination. FIP demonstrates documented expertise in regulated environments, including hospital renovations executed in occupied facilities, GMP-compliant pharmaceutical research and laboratory construction, and LEED Gold certified delivery (UCONN Health Cell and Genome Sciences Building). Its services are positioned for institutional, enterprise, and public-sector clients, with marketing executed primarily through a project portfolio website and direct enterprise field sales.

FIP generates revenue on a project-by-project basis through competitive bidding on public RFPs and private tenders, with contracts structured as lump-sum, cost-plus, or construction management fee arrangements depending on client and project requirements. It pursues work regionally across Connecticut, Massachusetts, and New York, primarily through direct relationships with healthcare systems, universities, pharmaceutical companies, and corporate real estate departments. Long-tenured repeat clients — including Hartford HealthCare, UCONN, Quinnipiac University, and Boehringer Ingelheim — anchor its backlog and serve as its primary reference base for new business development.

Name

FIP Construction

Legal name

FIP Construction, Inc.

Website

https://fipconstruction.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

51–100 employees

Short description

FIP Construction is a privately held Connecticut-based general contractor founded in 1963, providing design/build and construction management services to healthcare systems, universities, pharmaceutical R&D firms, senior living operators, and commercial clients across Connecticut, Massachusetts, and New York.

Ownership category

akta.pro rank

Product category

Commercial Construction Services

NAICS

Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

Keywords

• General contracting services
• Construction management
• Design build construction
• Healthcare construction
• Commercial construction services

Headquarters

HQ city

Farmington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Construction Project Services: FIP Construction generates revenue through general contracting and construction management services on a project-by-project basis. Revenue is earned through competitive bidding on public and private construction projects, with compensation structured as lump-sum contracts, cost-plus contracts, or construction management fees depending on project requirements and client preferences.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

FIP Construction provides general contracting and construction management services for institutional, commercial, and industrial clients across six sectors: Education, Healthcare, Assisted Living, Research & Development, Commercial & Industrial, and Specialty. The company manages projects from pre-construction planning through completion, including multi-phase renovations in occupied facilities, cleanrooms, laboratories, and healthcare environments. Compensation is structured as lump-sum contracts, cost-plus contracts, or construction management fees determined through competitive bidding.

Product overview

FIP Construction is a general contracting company offering construction services across six primary sectors: Education, Healthcare, Assisted Living, Research & Development, Commercial & Industrial, and Specialty construction. The company provides comprehensive construction services for institutional, commercial, and industrial projects throughout Connecticut and surrounding regions, serving clients in healthcare, education, pharmaceutical, automotive, retail, and cultural sectors. Their portfolio includes notable projects such as Hartford Hospital facilities, Quinnipiac University buildings, Boehringer Ingelheim research facilities, and various museums and specialty buildings.

Differentiator

Problem solved

Functional benefit

Products and services

• Education Construction Services

Quantifiable outcome

• UCONN Health Cell and Genome Sciences Building achieved LEED Gold Certification
• +1 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• UCONN HealthcoreStrategic or Co-development PartnerFIP Construction completed the UCONN Health Cell and Genome Sciences Building (117,813 s.f.) which achieved LEED Gold Certification. This project demonstrates FIP's capability in specialized research facility construction for major university health systems.
• Hartford HealthCarecoreStrategic or Co-development PartnerFIP Construction has completed extensive work for Hartford HealthCare including over a dozen projects at Hartford Hospital alone (Emergency Department Expansion, Bone and Joint Institute, Ambulatory Surgery Center, Sky Bridge, Chapel, CB3, Purple Pod, PACU, and modernization projects). Also completed projects at MidState Medical Center.
• Boehringer IngelheimcoreStrategic or Co-development PartnerLong-term partnership with multiple projects including Workplace of the Future (250,000 s.f. multi-phase renovation), Physical Sciences Building, Briar Ridge Renovations, Lead Development Technologies (27,000 s.f.), and KILO/PDL Lab Expansion (18,000 s.f.) in Danbury/Ridgefield, CT. Also completed commercial Workplace of the Future project.
• Quinnipiac UniversitycoreStrategic or Co-development PartnerExtensive partnership with Quinnipiac University including Recreation and Wellness Center, School of Health Sciences, multiple residence halls (Village IV at 109,000 s.f., Mountain View, East View), School of Law, School of Medicine, Ireland's Great Hunger Museum, Echlin Center, Mass Communications Center, Recreation Center, Student Center Rathskeller, The Commons, and various other campus buildings.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• KBE Building Corporation: Connecticut-headquartered general contractor operating across the Northeast with comparable focus on education, healthcare, and senior living. Closest geographic and vertical peer to FIP Construction, competing for many of the same institutional clients.
• Shawmut Design and Construction: Boston-based commercial general contractor serving institutional, healthcare, education, and corporate clients in the Northeast. Highly comparable to FIP in project type, customer profile, and regional operating footprint.
• Consigli Construction Co. New England-based general contractor with strong institutional, healthcare, and academic portfolios. Directly comparable regional peer with similar customer mix and project complexity.
• Dimeo Construction Company: Providence-based general contractor focused on commercial, institutional, healthcare, and higher-education work in the Northeast. Comparable vertical mix and project scale to FIP Construction.
• Suffolk Construction: Large regional general contractor headquartered in Boston with significant healthcare, education, and commercial portfolios. Comparable operating model and customer base, though larger scale.
• A.R. Building Company: Connecticut-based general contractor serving institutional and commercial clients in the region. Small-to-mid-sized regional peer competing for similar Connecticut-based projects.

Broad incumbents

• Gilbane Building Company: National general contractor with deep institutional and healthcare practices. Competes with FIP for larger hospital and university projects in the Northeast as part of a broader national portfolio.
• Turner Construction Company: Largest commercial general contractor in the US, with major presence across healthcare, education, and R&D. Competes with FIP on larger institutional bids and serves many of the same enterprise clients.
• Whiting-Turner Contracting Company: National general contractor with significant healthcare, higher-education, and research-facility practices. Overlaps with FIP on regulated and institutional projects across the Northeast.
• Skanska USA: International construction firm with a strong US presence in healthcare, education, and corporate campuses. Competes with FIP on larger nonresidential builds across the Northeast.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FIP Construction