Today we take a look at the bidding landscape for the Southeast region for May through July 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 months of May, June and July. Construction Data reported on 5,277 construction projects that had a bid date between May 1st and July 31st. Of the 5,277 projects, 4,201 were bid by the public sector and 1,076 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 May through July over the past five years.
Of the 4,201 public projects, 1,297 were classified as General Building, 984 were Specialty Trades, 1,740 were Heavy/Highway and 625 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 May, June and July. 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 19 percent, Governmental at 13 percent and General/Civil Joint Projects at 12 percent. Taking a look at the public sector in terms of construction type, 3,567 projects were for alterations, 375 projects were for renovations of existing structures and 321 projects were for new construction or additions.
Construction bids for the Retail industry made up 71 percent of all private sector projects that bid. Medical, Office and Residential construction projects each made up 6 percent of private sector projects bid followed by Hospitality/Entertainment at 5 percent. Breaking the private sector down by construction type we find that 652 projects were for renovations to existing buildings, 407 were for new construction and additions to existing construction and 39 were for alterations to existing sites.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).