The bidding landscape for the Mid-Atlantic region was active from December 2014 through February 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 December through February. Construction Data reported on 4,142 construction projects that had a bid date between December 1st and February 28th. Of those 4,142 projects, 3,129 were public sector bids and 1,103 were private sector bids.
Of the 3,129 public projects, 778 were classified as General Building, 836 were Specialty Trades, 1,366 were Heavy/Highway and 444 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.
Total project bids for both the public and private sector were about the three-year average for December through February. Total projects had a 6 percent increase, public sector bids were up 5 percent and private sector bids were up 9 percent over the three-year average.
Engineering projects accounted for 47 percent of all public sector projects that bid during December through February. Engineering projects cover a large number of industry sub types including roadwork, bridges, sewers and underground waterlines, storm water systems, and site work. The next three largest contributors to the number projects bid during this time were Educational, Governmental and General/Civil Joint Projects. All three combined totaled less than the number of Engineering projects that bid in the Mid-Atlantic region.
Taking a look at the public sector in terms of construction type, 2,800 projects were for alterations, 218 projects were for renovations of existing structures and 167 projects were for new construction or additions.
Retail projects made up 62 percent of all private sector bids with stand-alone retail stores and retail fit outs accounting for 61 percent of all retail projects. Office, Educational and Medical projects were the next biggest contributors to the number of private commercial construction projects that bid out during December through February.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).