Today we take a look at the bidding landscape in the Mid-Atlantic region for August through October 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 August through October. Construction Data reported on 4,730 construction projects that had a bid date between August 1st and October 31st. Of those 4,730 projects, 3,943 were public sector bids and 787 were private sector bids.
Of the 3,943 public projects, 1,053 were classified as General Building, 878 were Specialty Trades, 1,784 were Heavy/Highway and 636 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 made up half of all public sector bids. 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 Governmental at 14 percent, General/Civil Joint Projects at 12 percent and Educational at 11 percent.
Taking a look at the public sector in terms of construction type, 3,485 projects were for alterations, 268 projects were for renovations of existing structures and 239 projects were for new construction or additions.
The Retail industry made up 54 percent of all private sector bids. Medical construction projects and Office projects made up 9 percent each. This was followed by Residential at 8 percent and Hospitality/Entertainment at 7 percent.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).