Breaking down the bidding landscape over the last three months in the Northeast region we recorded the highest number of public construction bids over the last five years. The Northeast region includes Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. Construction Data reported on 5,104 construction projects that had a bid date between November 1, 2014 and January 31, 2015. There were 4,181 bids for public construction projects and 923 bids for private construction projects.
Of the 4,181 public projects bid, 1,360 were classified as General Building, 1,297 were Specialty Trades, 1,359 were Heavy/Highway and 602 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 accounted for 37 percent of all public sector bids from November through January. Engineering projects include heavy and highway projects like roads, bridges and site work as well as sewer and water projects. Educational projects came in second at 20 percent of all public bids. This was followed by Governmental at 18 percent and General/Civil Joint Projects at 13 percent. As we mentioned earlier, this was highest number of public bids recorded over the past five years during the three month period of November through January.
The Retail industry made up a majority of the private construction bids at 51 percent for November through January. Private Office construction projects were the next closest at 11 percent of all private bids recorded. This was followed closely by Educational at 10 percent, Medical at 9 percent and Residential at 8 percent. Private construction bids for November through January were down slightly compared to the five-year recorded average, but not enough to cause any concern. This of course doesn’t reflect a complete picture of private construction work being contracted because private work doesn’t have 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).