We’ve got an in-depth look at the bidding landscape for the Southeast region for January through March 2015. We’ve expanded our coverage of the region to include the states of Alabama, Arkansas, Georgia, Florida, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.
Our report focuses on commercial construction projects that had bid due dates during the months of January, February and March. Construction Data reported on 8,450 construction projects that had a bid date between January 1st and March 31st in the Southeast. Of the 8,450 total projects, 6,837 were bid by the public sector and 1,613 were private sector projects.
Compared to the three-year average for the same time period this is an increase in total bids, public bids and private bids. Private bids are higher this year over last year during the same three-month period with total bids and public bids around the same numbers as last year.
Of the 6,837 public projects, 2,023 were classified as General Building, 1,512 were Specialty Trades, 2,987 were Heavy/Highway and 1,029 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 led the way for all public sector projects during the first quarter, accounting for 47 percent of all bids. This was followed by Educational at 18 percent and then General/Civil Joint Projects and Governmental both at 12 percent. Taking a look at the public sector in terms of construction type, 5,910 projects were for alterations, 518 projects were for new construction or additions and 517 projects were for renovations of existing structures.
An overwhelming 71 percent of all private sector projects bid out in the Southeast during the first quarter were for Retail project. Office and Medical accounted for 6 percent each, followed by Residential and Hospitality/Entertainment construction projects at 5 percent each. Looking at the private sector by construction type we find that 1,013 projects were for renovations to existing buildings, 593 were for new construction and additions to existing construction and 42 were for alterations to existing sites.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence™ (CCMI).