Precision Contractors Celebrates 20th Anniversary

Precision Contractors Celebrates 20th Anniversary

Everyone at Precision Contractors is very excited to celebrate Precision’s 20th year in business this year. Thank you to our current and past team of exceptional employees, clients, and partners for being part of this exciting journey. We could not have done it without you.

Part of an anniversary is taking stock of the journey leading to the milestone, so we thought sharing the Precision Contractors Origin Story would be fun.

Bob Hibbard and Phil Timm founded Precision Contractors in the summer of 2005 when Bob retired from a very successful aviation career. Bob wanted to build a sustainable company where families could work together and build an organization that could survive for generations.

Bob was involved in the construction industry when he was younger and creating a joint venture with his friend and neighbor Phil, who shared similar values and was running a successful residential remodel business at the time, was a logical next step.

Bob and Phil’s first goal was to ensure they always focused on building a lasting partnership as the foundation for the company. They felt they had complementary skills, experience, and compassion to help navigate the journey. Their priority was earning Customers For Life by focusing on professionalism, honesty, compassion, and fairness.

The first year for Precision started with a total investment of $5,000, so managing costs, improving margins, self-performing work when possible, and reinvesting earnings back into the company was essential. Bob and Phil understood that to prove themselves and open doors, they might have to install a few toilets and do other small tasks to connect with potential clients. No job is too small if it supports a strategy to achieve a larger goal, and this investment in personalized service eventually opened doors to much larger and more profitable projects.

The business immediately started growing through referrals and repeat clients. This growth led to hiring staff to help support Precision’s development. Our new network of clients gave Precision the opportunity in 2007 to add commercial construction projects to the company portfolio. Robert Hutson joined the ownership group in 2013, and Danny Hibbard, Bob’s son, became part of the leadership team in 2014.

After 12 years of servicing both residential and commercial markets, Bob and Phil felt it was time to focus on one market, and commercial construction offered the most opportunity to grow across the nation and leverage Precision’s knowledge, skills, and experience managing projects. Over the last 20 years, Precision has completed over 4 million square feet of new construction, class-A build outs, and renovations across the nation. Our success in the retail, food service, entertainment, medical, industrial and professional office sectors can be attributed to the hard work of our internal team of construction pros and the long-term partnerships we have formed with a range of developers, owners and investors.

One of the primary functions of a commercial general contractor is the management and coordination of all the subcontractors, vendors, and other professionals who come together to complete a construction project. Each new Precision building or renovation project results in the creation of dozens of construction jobs, new investments in the local economy through real estate development or tenant improvements, and a lasting stimulus to the tax base of each city we work in.

Living our Core Values and focusing on our founding mission to create Customers for Life has enabled our growth and earned us recognition for being a leader in the commercial construction industry.