Today we take a look at the bidding landscape for the Southeast region for January through March 2014. This region covers the states of Georgia, Florida, North Carolina and South Carolina and focuses on construction projects that had bid due dates during the first quarter of 2014. Construction Data reported on 4,801 construction projects that had a bid date between January 1st and March 31st. Of the 4,801 projects, 3,769 were bid by the public sector and 1,032 were private sector projects.
Compared to the same period last year this is an increase in total bids, public bids and private bids. These totals are also above average for this region for January through March over the past five years.
Of the 3,769 public projects, 1,179 were classified as General Building, 853 were Specialty Trades, 1,536 were Heavy/Highway and 579 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.
Engineering projects accounted for 45 percent of all public sector projects that bid out during the first quarter. Engineering projects cover a large number of industry sub types including roadwork, bridges, storm water systems, sewers and underground waterlines and site work. This was followed by Educational at 18 percent, Governmental at 14 percent and General/Civil Joint Projects at 12 percent. Taking a look at the public sector in terms of construction type, 3,218 projects were for alterations, 336 projects were for renovations of existing structures and 269 projects were for new construction or additions.
Breaking down Engineering projects by subindustry type, roadwork projects accounted for a majority of the bids at 45 percent. This was followed by bids for underground sewer and waterlines at 15 percent and site work at 11 percent.
Construction bids for the Retail industry made up 68 percent of all private sector projects that bid. Medical construction projects made up 9 percent followed by Hospitality/Entertainment at 6 percent and then Residential and Office each at 5 percent. Breaking the private sector down by construction type we find that 617 projects were for renovations to existing buildings, 415 were for new construction and additions to existing construction and 38 were for alterations to existing sites.
The bulk of Retail industry projects bid were for stand-alone stores and store fit-outs at 51 percent of all retail project bids. This was followed by bids for restaurants, grocery stores and automotive retail projects.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).