Ideal Contracting Named 2023 GM Supplier of the Year


Detroit, MI — General Motors has recognized its top global suppliers of 2023 during its annual Supplier of the Year recognition event. In total, 86 suppliers were recognized with a Supplier of the Year award, and an additional eight Overdrive Awards were handed to suppliers who far exceeded expectations.

“Winning Supplier of the Year is an absolute honor,” said Ideal Contracting CEO Loren Venegas. “We truly appreciate the relationship and partnership we’ve built with General Motors over nearly three decades. This year, we added our 20th and 21st awards for the Ideal Group of Companies. Without the hard work and dedication of all of our employees, this award wouldn’t be attainable. We are so proud of our teams, to be associated with GM, and to be recognized yet again for this outstanding award.”

“We’re honored to partner with these top suppliers who have made notable contributions to our transformation. Together, we’re pushing boundaries, pioneering new technologies and redefining what’s possible,” said Jeff Morrison, vice president, Global Purchasing and Supply Chain. “Their innovation and support are critical to helping us deliver the world-class vehicles our customers have to come expect.”

Rigorous selection process emphasizes shared values

A global, cross-functional GM team rigorously selects Supplier of the Year and Overdrive award winners based on performance, innovation, cultural alignment with GM’s values, and commitment to achieving GM’s ambitious goals.

The GPSC Priority Wheel guides the selection process, prioritizing the customer in every aspect of supply chain decision-making. This framework prioritizes three core values: Safety, Inclusion and Relationships. These foundational values underpin all other priorities, including Sustainability, Innovation, Execution, Resilience and Profitability.

By emphasizing these values, GPSC fosters a robust, diverse, collaborative partnership ecosystem that drives mutual success for GM and its suppliers.

Ideal Contracting LLC is one of the premier general contractors in Michigan, with operations across the U.S. The family-owned, certified MBE has a loyal team of over 400 union self-perform professionals and more than 100 full-time staff that honor Ideal’s commitment to building together. Utilizing a flexible array of delivery methods, Ideal Contracting successfully delivers projects in a wide range of market sectors, including automotive/manufacturing, sports/entertainment, higher education, energy/petrochemical, and more. The company’s people-first approach is supported by a best-in-class safety program, robust talent development process, and proactive engagement in their local Southwest Detroit community.


General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, CadillacBaojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at

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We're committed to building spaces that bring our client's vision to reality and further their organizational goals. We develop long-term relationships through collaboration and a demonstrated level of workmanship. Together, we build sustainable communities where we work and live.

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