Today we look at the bidding landscape in the Northeast region for July through September 2014. Construction Data reported on 8,390 construction projects that had a bid date between July 1st and September 30th. Of those 8,390 projects, 7,454 were public sector bids and 936 were private sector bids. The Northeast region encompasses the states of Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.
Of the 7,454 public projects bid, 1,913 were classified as General Building, 1,993 were Specialty Trades, 3,248 were Heavy/Highway and 938 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.
On the public side, Engineering projects led the way, accounting for 47 percent of all public sector bids. Governmental projects were next at 17 percent followed by Educational at 13 percent and General/Civil Joint Projects at 10 percent.
Construction bids for the Retail industry accounted for 51 percent of all private sector projects that bid this from July through September. This was followed by Educational and Office at 10 percent each, Hospitality/Entertainment at 8 percent and Residential, Medical and Other at 7 percent each.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).