Today we take a look at the bidding landscape for the Southeast region for September through November 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 September, October and November. Construction Data reported on 4,238 construction projects that had a bid date between September 1st and November 30th. Of the 4,238 total projects, 3,424 were bid by the public sector and 814 were private sector projects.
Compared to the same period last year this is an increase in total bids and public bids. These totals are also above average for total bids and public bids for this region for September through November over the past five years.
Of the 3,424 public projects, 1,044 were classified as General Building, 747 were Specialty Trades, 1,478 were Heavy/Highway and 525 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 46 percent of all public sector projects that bid out during this time period. 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 Governmental at 15 percent, Educational at 14 percent and General/Civil Joint Projects at 13 percent. Taking a look at the public sector in terms of construction type, 2,913 projects were for alterations, 285 projects were for renovations of existing structures and 282 projects were for new construction or additions.
Construction bids for the Retail industry made up 65 percent of all private sector projects that bid. This was followed by Office at 9 percent, Medical at 6 percent and Residential and Hospitality/Entertainment construction projects at 5 percent each. Breaking the private sector down by construction type we find that 494 projects were for renovations to existing buildings, 323 were for new construction and additions to existing construction and 18 were for alterations to existing sites.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI).