We’ve got an in-depth look at the bidding landscape for the Southeast region for September through November 2015. Construction Data’s coverage of the Southeast includes 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 bids due during the months of September, October and November. Construction Data reported on 8,851 construction projects that had a bid date between September 1st and November 30th in the Southeast. Of the 8,851 total projects, 7,364 were public sector bids and 1,487 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. This is a significant increase in total bids, public bids and private bids this year over last year during the same three-month period.
Of the 7,364 public projects, 2,535 were classified as General Building, 1,385 were Specialty Trades, 2,920 were Heavy/Highway and 1,203 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 on the public side and accounted for 46 percent of all public sector bids during September through November. Next in line was Governmental at 15 percent followed by Educational at 13 percent and General/Civil Joint Projects at 10 percent. Taking a look at the public sector in terms of construction type, 5,111 projects were for alterations, 725 projects were for new construction or additions and 1,698 projects were for renovations of existing structures.
As expected, Retail projects accounted for the majority of private sector bids, making up 62 percent of all bids. Medical was second at 9 percent of all private bids. Residential and Hospitality/Entertainment both accounted for 8 percent each, followed by Office construction projects at 5 percent. Looking at the private sector by construction type we find that 763 projects were for renovations to existing buildings, 691 were for new construction and additions to existing construction and 68 were for alterations to existing sites.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence™ (CCMI).