Turner Construction Company is an American construction company, it is one of the largest construction management companies in the United States of America, with a construction volume of $10 billion in 2014. It is a subsidiary of the German company Hochtief. Henry Chandlee Turner (b. 1871) founded Turner Construction Company in 1902, with $25,000 in start-up capital, at 11 Broadway, in New York City. Turners first job was a $687 project; to build a concrete vault for Thrift Bank in Brooklyn, New York. In 1903, a Scottish industrialist named Robert Gair, involved with the manufacture of paper products, hired Turner Construction to build a plant in Brooklyn. The facility, finished in 1904, measured 180,000 sq ft (17,000 m2), making it, at the time, the largest reinforced concrete building in the United States. At the same time the company was developing plans for the Gair building, Turner began building staircases for the New York City Subway. The original design showed the stairs were to be made of steel, but Turner thought concrete was a less expensive alternative. After examining public bidding records, Henry Turner undercut competing offers and was awarded the chance to build several staircases in concrete. His alternative worked, leading to contracts for more than 50 staircases and platforms for the Interborough Rapid Transit. The company established branch offices to maintain its expanding geographic scope, beginning with an office in Philadelphia in 1907. The Buffalo office followed in 1908, as did the office in Boston, opened in 1916. When the United States entered World War I, Turner was among the countrys most successful builders. In its first 15 years, Turner Construction Company completed $35 million worth of work and constructed buildings for some of the countrys largest businesses, including Western Electric, Standard Oil, Kodak, and Colgate. From World War I to the Great Depression, the companys billings grew from under $12 million to nearly $44 million. Like most industries, construction suffered during the economic collapse and Turners volume fell to $2.5 million by 1933. The company recovered and revenues increased to $12 million by 1937. The company suspended commercial construction during the war years, focusing instead on construction of military camps, factories, and government buildings. Henry Turner stepped down as president in 1941, to serve as chairman and make room for his brother, Archie Turner, as president. Archie Turner led the company through the war, but poor health limited his tenure. In October 1946, Henry Turner retired as chairman, handing the post to his ailing brother. For his replacement, Archie Turner selected Admiral Ben Moreell, the individual responsible for forming the Seabees. One month after Moreells appointment, Archie Turner died of a heart attack. Four months later, Moreell resigned, and the void was filled by Henry Turners son, Henry Chandlee (Chan) Turner, Jr.