Spence Construction
Spence Construction is a privately held Victorian builder founded in 1974, specializing in high-end architect-designed residential homes and commercial/institutional projects across Australia, serving wealthy homeowners, architects, and institutional clients.
- Company typePrivate
- Founded1974
- HeadquartersColac, Australia
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Spence Construction does
Spence Construction is a privately held Australian construction company founded in 1974 and headquartered in Colac, Victoria, with additional offices in Geelong and Melbourne. The firm specializes in high-end residential construction, particularly architect-designed custom homes, alongside a commercial and institutional portfolio that includes hotels, schools, clubs, and corporate offices. With 51-100 employees, the company is led by three long-tenured directors (Matt Gibson, Glenn McVilly, Shane Theodore) who have been with the business since 1998-2001, providing management continuity. Underlying technology is conventional construction and project management tooling, augmented by a client-facing 'My Project' portal for project tracking and an electronic OHS system on construction sites.
The company's service offering is structured around four integrated phases: project planning, design collaboration, build execution, and post-handover property management. A distinguishing feature is its deep relationships with award-winning architects across Victoria — the company notes it has built several architects' personal homes, treating that as a marker of trust. Notable projects include the Union Hotel, Berrambool Homestead, Rip Curl Head Office Torquay, Clarendon College Yuulong, Portarlington Club House, and a passive house at Apostles Edge. The firm has been featured in The Local Project, Better Homes and Gardens, and Dezeen, and has won a Regional Builder of the Year award.
Spence Construction generates revenue through fixed-price contracts for design-build and construction management services, with project-specific quotes that vary based on scope, specifications, and client requirements. Its go-to-market is direct-to-customer via website enquiries, formal tender submissions on the EstimateOne platform, and architect referrals. The customer base is split between high-end residential homeowners (primary) and commercial/institutional clients (secondary), with no external investment, parent company, or public market presence indicated.
Spence Construction firmographics
Firmographics- Name
- Spence Construction
- Legal name
- Spence Construction
- Website
- https://spenceconstruction.com.au
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Spence Construction is a privately held Victorian builder founded in 1974, specializing in high-end architect-designed residential homes and commercial/institutional projects across Australia, serving wealthy homeowners, architects, and institutional clients.
- Ownership category
- akta.pro rank
Spence Construction industry classification
Industry- Product category
- Construction Services
- NAICS
- Residential Building Construction (23611), Commercial and Institutional Building Construction (23622)
- SIC
- General Bldg Contractors - Residential Bldgs (1520), General Bldg Contractors - Nonresidential Bldgs (1540)
- akta.pro primary industry
- Office & Corporate Building Construction (IMAFACAA)
- akta.pro secondary industries
- Healthcare Facility Construction (Hospitals, Clinics, Labs) (IMAFACAD), New School Construction (Greenfield Builds) (EDAEABAA)
Keywords
Where Spence Construction is headquartered
LocationHeadquarters
- HQ city
- Colac
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
Spence Construction business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Construction Services: One-time project-based revenue from residential and commercial construction projects. Projects range from custom homes to institutional buildings, hotels, and educational facilities. Revenue is generated through fixed-price contracts for design-build and construction management services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Spence Construction product offering
Product offeringCore offering
Spence Construction is a Victorian construction firm that delivers custom high-end residential homes and commercial/institutional buildings (hotels, schools, healthcare, offices) through four integrated phases: Project Planning, Design, Build, and Property Management. The company works closely with award-winning architects and serves clients across Victoria from offices in Colac, Geelong, and Melbourne, providing an online client portal for project transparency.
Product overview
Spence Construction offers a unified construction service with four integrated phases: Project Planning, Design collaboration, Build delivery, and Property Management. The company works with award-winning architects across Victoria and provides an online client portal called 'My Project' for clients to monitor their project progress. Projects span residential homes (including passive houses), commercial buildings, educational facilities, and hospitality venues.
Differentiator
Problem solved
Functional benefit
Products and services
- Project Planning Initial consultation and project planning service in which the Spence team develops a project brief and budget with clients to understand requirements and objectives before construction begins. Used by both residential homeowners and commercial/institutional clients.
- Design Collaborative design service working with clients and their architects to transform initial briefs into detailed design drawings ready for construction. Used by homeowners and commercial/institutional clients undertaking architect-led projects.
- Build Construction delivery service executing projects to the highest standards, working closely with clients, architects, and consultants throughout the build process. Covers custom luxury homes, multi-storey developments, passive houses, hotels, schools, healthcare, and corporate offices across Victoria.
- Property Management Post-handover property management service that maintains newly built homes and ensures they continue to be enjoyed well into the future. Targeted primarily at residential clients building with Spence.
Companies that use Spence Construction
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Spence Construction technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Spence Construction partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
Spence Construction competitors and assessment
Company assessmentDirect peers
- Hacer Group: Victorian construction company with similar footprint to Spence. Comparable in regional focus, scale, and execution of architect-designed projects in the Melbourne market.
- Hamilton Marino Builders: Australian high-end residential builder specializing in luxury custom homes for affluent clients. Most directly comparable to Spence in business model, target customer (high-net-worth homeowners), and premium positioning.
- Roberts Pizzarotti: Sydney-headquartered construction firm specializing in high-end residential, commercial, and aged care projects. Comparable premium positioning and project mix, though broader in geographic reach.
- Mainbrace Constructions: NSW-based builder of premium residential and commercial projects. Similar target market (architect-led luxury residential) and project complexity, though operating in a different geography.
Broad incumbents
- ADCO Constructions: One of Australia's largest privately-owned construction companies. Competitor for commercial and institutional projects (healthcare, education, hospitality) but operates nationally with much larger workforce.
- BESIX Watpac: Australian construction contractor (BESIX Group subsidiary) delivering commercial, civil, and specialty projects nationally. Competes for some institutional work Spence targets but at much larger scale and broader capability.
- Multiplex: Major international construction contractor (Brookfield-owned) with strong Australian presence. Competes with Spence on large commercial and institutional builds (hotels, healthcare) but operates at incomparably larger scale.
- Lendlease: Global construction and development giant headquartered in Sydney. Operates across commercial, residential, and infrastructure at massive scale; Spence competes for some institutional work but at vastly smaller scale.
- Grocon: Melbourne-headquartered construction company with residential, commercial, and mixed-use focus. Geographic overlap with Spence and competes for premium commercial work, but at significantly larger scale.
- Built Group: Australian construction company focused on commercial, residential, and mixed-use developments. Significantly larger scale than Spence and broader project portfolio, but overlaps on commercial building work.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Spence Construction social profiles
Digital presenceSpence Construction financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spence Construction leadership team
Management profileNumber of profiles
Profiles10 records
Spence Construction funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spence Construction M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spence Construction
What does Spence Construction do?
Spence Construction is a Victorian construction firm that delivers custom high-end residential homes and commercial/institutional buildings (hotels, schools, healthcare, offices) through four integrated phases: Project Planning, Design, Build, and Property Management. The company works closely with award-winning architects and serves clients across Victoria from offices in Colac, Geelong, and Melbourne, providing an online client portal for project transparency.
Is Spence Construction a public or private company?
Spence Construction is a private company. It is classified as management employee owned and is currently operating.
When was Spence Construction founded?
Spence Construction was founded in 1974. It employs 51 to 100 people.
Where is Spence Construction based?
Spence Construction is headquartered in Colac, Australia, in the Oceania region.
How does Spence Construction make money?
One revenue line is on record: construction Services.
Who are Spence Construction's main competitors?
Direct peers on record are Hacer Group, Hamilton Marino Builders, Roberts Pizzarotti and Mainbrace Constructions. Broad incumbents are ADCO Constructions, BESIX Watpac, Multiplex, Lendlease, Grocon and Built Group.
Does Spence Construction have an API?
No public API is recorded for Spence Construction.
What industry is Spence Construction in?
Spence Construction's product category is Construction Services. Its primary akta.pro industry code is IMAFACAA, Office & Corporate Building Construction, with a secondary code of IMAFACAD, Healthcare Facility Construction (Hospitals, Clinics, Labs). Its NAICS code is 23611 and its SIC code is 1520.