Today we look at the bidding landscape for the state of Texas from June through August 2014. Construction Data reported on 2,913 projects that had a bid date between June 1st and August 31st. There were 2,442 publicly bid projects and 471 private sector projects reported on during this three month period.
Of the 2,442 public projects, 568 were classified as General Building, 413 were Specialty Trades, 1,089 were Heavy/Highway and 634 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.
On the public side, Engineering projects made up the majority, 59 percent, of all public projects that bid during June, July and August. General/Civil Joint Projects and Governmental projects each made up 12 percent of all public projects followed by Educational at 9 percent.
Taking a look at the public sector in terms of construction type, 2,183 projects were for alterations, 147 projects were for renovations of existing structures and 148 projects were for new construction or additions.
Breaking down Engineering projects by sub-industry type, roadwork & road lighting projects accounted for 41 percent of all Engineering projects. This was followed by sewer and waterline projects at 25 percent and sitework projects at 13 percent.
Retail industry projects dominated the private sector and accounted for 68 percent of all private projects bid between June 1st and August 31st. Medical projects were next at 9 percent followed by Office projects at 8 percent and Hospitality/Entertainment projects accounting for 4 percent of all private sector projects.
The majority of Retail industry projects bid was for stand-alone stores and store fit-outs at 55 percent of all retail project bids. This was followed by bids for restaurants, grocery stores and malls/strip shopping centers/outdoor malls.
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.