FTE Networks’ Benchmark Builders Ranked No. 5

Data Investing

FTE Networks Inc (NYSEA:FTNW), a leading provider of innovative technology oriented solutions for network, data and infrastructure announced that its subsidiary, Benchmark Builders Inc has been ranked No.5 among the top general contractors for alternation and renovation projects in New York City. It has to be noted that in 2017, Benchmark Builders Inc were ranked …

It has to be noted that in 2017, Benchmark Builders Inc were ranked No. 6 under the same category.

As quoted in the press release:

Benchmark, founded in 2008, designs and builds technologically state-of-the-art facilities for corporate office, broadcast, retail, lobby, infrastructure and technology spaces for Fortune 500 clients, predominantly in the New York City metropolitan area. The Company delivers innovative projects and services built from its knowledge of how technology is changing modern workspaces, ranging from large multi-floor renovations to major developments.
“As a critical, core component of FTE Networks’ service offerings, Benchmark is very much a key contributor to FTE’s success as a company. This ranking is a testament to the hard work of the Benchmark team, and FTE’s ongoing commitment to provide the most innovative solutions for smart platforms, network infrastructure, and building and development,” said Michael Palleschi, President and CEO of FTE Networks.
“This ranking underscores yet another year of dedication and superior quality services carried out by our committed team,” said Fred Sacramone, President of Benchmark. “We take pride in our ability to not only exceed expectations in our existing projects, but also to continue attracting new, high-caliber projects that establish a new benchmark for the industry.”
According to the New York Building Congress, despite a 13 percent decline from 2016, 2017 construction spending is still the second highest total (in actual dollars) in New York City history. Notably Benchmark continued to deliver competitive results in the midst of lower construction spending forecasts. The New York Building Congress predicts record expansion during 2018 and 2019 as the market is expanding and targets are increasing and on track to meet or exceed 2016.