Today we are looking at the bidding landscape for the state of Texas from February through April 2014. Construction Data reported on 3,084 projects that had a bid date between February 1st and April 30th. There were 2,458 publicly bid projects and 628 private sector projects reported on during this three month period.
Taking a look at year-over-year numbers for the past five years, this is an increase in total bid, public bids and private bids over last year. Each category is above the five year average for this three month time period, a good indicator that the construction industry is continuing to recover and improve in Texas.
Of the 2,458 public projects, 663 were classified as General Building, 438 were Specialty Trades, 1,067 were Heavy/Highway and 586 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 made up the majority, 54 percent, of all public projects that bid during February, March and April. Educational projects came in second at 15 percent, followed by General/Civil Joint Projects at 14 percent and Governmental projects at 9 percent.
Retail industry projects dominated the private sector and accounted for 69 percent of all private projects bid between February 1st and April 30th. Medical projects were next at 9 percent with Office projects at 7 percent and Educational and Hospitality/Entertainment projects both accounting for 4 percent of all private sector projects.
All of the information in this report was provided using Construction Data’s Commercial Construction Market Intelligence (CCMI). If you would like to learn more about currently bidding opportunities in your area, please visit us at www.cdcnews.com.