Today we take a look at the bidding landscape for the Mid-Atlantic region during the second quarter of 2014. This region covers the states of Delaware, Maryland, North Carolina, Pennsylvania, Virginia, West Virginia and the District of Columbia and focuses on construction projects that had bid due dates during the months of April through June. Construction Data reported on 6,412 construction projects that had a bid date between April 1st and June 30th. Of those 6,412 projects, 5,383 were public sector bids and 1,029 were private sector bids.
Compared to the same period last year this is a small decrease in total bids, public bids and private bids. These totals are also slightly below average for this region for April through May over the past five years.
Of the 5,383 public projects, 1,276 were classified as General Building, 1,357 were Specialty Trades, 2,566 were Heavy/Highway and 628 were Sewer & Water projects. There is some overlap in the numbers since projects can fall into more than one classification. General Building projects are all general construction projects regardless of size. Specialty Trades are projects with three or less trades involved where subcontractors can bid as a “prime contractor”. Heavy & Highway projects include projects involving road paving, tennis courts, athletic fields, drainage, dredging, demolition, traffic signals, site improvements and bridges. Sewer & Water are projects involving pump stations, water treatment facilities, force mains, septic work, inspection services, drainage, etc.
Engineering projects accounted for a majority of public sector bids clocking in at 51 percent. Engineering projects cover a large number of industry sub types including roadwork, bridges, storm water systems, sewers and underground waterlines and site work. This was followed by Educational at 20 percent, Governmental at 12 percent and General/Civil Joint Projects at 10 percent.
Taking a look at the public sector in terms of construction type, 4,761 projects were for alterations, 380 projects were for renovations of existing structures and 310 projects were for new construction or additions.
Breaking down Engineering projects by subindustry type, roadwork projects accounted for a majority of the bids at 54 percent. This was followed by bids for miscellaneous projects, underground sewer and waterlines, bridges and site work.
The Retail industry again accounted for the bulk of all private sector projects making up 61 percent of all private bids. Office construction projects and Educational projects made up 9 percent each. This was followed by Medical at 7 percent, Residential at 5 percent and Hospitality/Entertainment at 4 percent.
Breaking the private sector down by construction type we find that 710 projects were for renovations to existing buildings, 320 were for new construction and additions to existing construction and 36 were for alterations to existing sites.
The majority of Retail industry projects bid was for stand-alone stores and store fit-outs at 53 percent of all retail project bids. This was followed by bids for restaurants, grocery stores and malls/strip shopping centers/outdoor malls.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).