Today we’re taking a look at the bidding activity for the Mid-Atlantic region from August through October 2015. This region covers the states of Delaware, Maryland, North Carolina, Pennsylvania, Virginia, West Virginia and the District of Columbia and focuses on commercial construction projects that had bid dates and sub bid dates during the months of August, September and October. Construction Data reported on 5,138 construction projects that had a bid date between August 1st and October 31st. Of those 5,138 projects, 4,174 were public sector bids and 964 were private sector bids.
Of the 4,714 public projects, 1,232 were classified as General Building, 822 were Specialty Trades, 1,756 were Heavy/Highway and 672 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.
The project bid totals are above the five year average for this region during the months of August, September and October. Public and private bids were also above average for this time period. Total projects and public bid projects were also at a five-year high for August through October.
Engineering projects led all public sector projects that bid during August through October, making up 51% of total public bids. Engineering projects cover a large number of industry sub types including roadwork, bridges, sewers and underground waterlines, storm water systems, and site work. Engineering projects were followed by Governmental projects at 17%, Educational projects at 11% and General/Civil Joint Projects at 8%. Taking a look at the public sector in terms of construction type, 3,102 projects were for alterations, 837 projects were for renovations of existing structures and 314 projects were for new construction or additions.
Privately bid projects were led by Retail projects at 51% of all private sector bids. Like Engineering projects on the public side, Retail projects cover a large swath of industry sub types such as grocery stores, banks, shopping centers, malls, restaurants and automotive retail construction projects. Private Office projects accounted for 11% of private bids with Medical at 9% and Residential at 8%. It is important to note that the private sector numbers don’t take into account negotiated or direct contract awards.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).