Today we look at the bidding landscape for the Northeast region for the months of November 2013 through January 2014. Construction Data reported on 4,970 construction projects that had a bid date between November 1st and January 31st. Of those 4,970 projects, 3,886 were bid by the public sector and 1,084 were private sector projects. The Northeast region encompasses the states of Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.
This is a significant decrease in the number of projects in this region compared to the last bidding landscape for July through September. This decrease is indicative of a seasonal shift that affects this region during this time of year. Historical data shows that the average over the previous four years is 5,060 for total projects, 4,093 for public sector projects and 967 for private sector projects.
Of the 3,886 public projects, 1,313 were classified as General Building, 1,179 were Specialty Trades, 1,278 were Heavy/Highway and 588 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 by accounting for 36 percent of all public sector bids. Governmental projects were second at 19 percent followed closely by Educational at 17 percent and General/Civil Joint Projects at 14 percent. Roadwork projects made up 36 percent of all Engineering projects followed by Site Work projects at 17 percent, Bridges at 15 percent and Underground Sewer & Water projects at 14 percent.
Construction bids for the Retail industry accounted for 48 percent of all private sector projects that bid this past November, December and January. This was followed by Office at 15 percent, Educational at 13 percent and Medical at 10 percent. The majority of Retail industry projects that bid were for fit-outs and standalone stores at 64 percent. Restaurants came next at 11 percent with malls and strip shopping centers at 10 percent and bank and automotive retail projects both accounting for 5 percent of the total each.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).