We’ve got an in-depth look at the bidding landscape with a breakdown of public and private commercial construction projects across all industries for the Northeast region during March through May 2015. The Northeast region includes Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. Construction Data reported on 9,679 construction projects that had a bid date between March 1 and May 31, 2015. There were 8,457 bids for public construction projects and 1,222 bids for private construction projects.
Of the 8,457 public project bids, 2,457 were classified as General Building, 2,328 were Specialty Trades, 3,389 were Heavy/Highway and 977 were Sewer & Water projects. Projects had near even distribution among the four categories with the exception of Sewer & Water projects which was less than half of what the other categories recorded. 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 44 percent of all public sector bids during March through May. Engineering projects include heavy and highway projects like roads, bridges and site work as well as sewer and water projects. Educational projects were next at 23 percent and covers primary and secondary schools as well as higher education and child care buildings. This was followed by Governmental at 13 percent and General/Civil Joint Projects at 10 percent.
Half of all private sector bids were for projects in the Retail industry. These include projects for banks, restaurants, retail stores, gas stations and grocery stores both fit-outs and standalone. Private Educational construction bids were next at 14 percent of all private bids. This was followed by Office at 10 percent and Medical and Residential projects both at 8 percent each. This doesn’t provide a complete picture of private construction work being contracted because private work isn’t required to go through a publicly advertised procurement process.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).