Today we take a look at the bidding landscape for the Mid-Atlantic region for December 2013 through February 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 December through February. Construction Data reported on 4,151 construction projects that had a bid date between December 1st and February 28th. Of those 4,151 projects, 3,139 were bid by the public sector and 1,012 were private sector projects.
Compared to the same period last year this is an increase in total bids, public bids and private bids. These totals are also above average for this region for December through February over the past five years.
Of the 3,139 public projects, 819 were classified as General Building, 771 were Specialty Trades, 1,415 were Heavy/Highway and 458 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 dominated the public sector and accounted for 49 percent 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 Educational at 17 percent, Governmental at 13 percent and General/Civil Joint Projects at 11 percent. Taking a look at the public sector in terms of construction type, 2,723 projects were for alterations, 253 projects were for renovations of existing structures and 213 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 underground sewer and waterlines, bridges and site work.
Construction bids for the Retail industry made up 56 percent of all private sector projects that bid. Office construction projects made up 10 percent followed by Medical at 9 percent, Educational at 8 percent and Residential at 6 percent. Breaking the private sector down by construction type we find that 739 projects were for renovations to existing buildings, 295 were for new construction and additions to existing construction and 21 were for alterations to existing sites.
The bulk of Retail industry projects bid were for stand-alone stores and store fit-outs at 57 percent of all retail project bids. This was followed by bids for restaurants, malls/strip shopping centers/outdoor malls and grocery store projects.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).