The construction bidding landscape for Texas was active during June, July and August. Construction Data reported on 3,213 total projects that bid between June 1st and August 31st. Of those 3,213 construction bids, 2,546 were for public projects and 667 were for private sector projects. Total projects, public projects and private were at a five-year high and well above the five-year average for bids from June through August. (This only included private sector construction projects with bid dates. Negotiated contracts during this time are not included.)
Of the 2,546 public projects, 699 were classified as General Building, 383 were Specialty Trades, 1,136 were Heavy/Highway and 596 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 56 percent of all public bids in Texas during June, July and August. Engineering projects cover a broad spectrum of sub industries including roadwork, bridges, site work, sewer and waterlines and dredging projects. Governmental projects accounted for 12 percent, and General/Civil Joint projects and Educational projects each made up 11 percent of public bids.
Looking at the public sector in terms of construction type, 2,189 projects were alterations, 198 projects were for renovations of existing structures and 192 projects were for new construction or additions.
Retail industry projects led all private projects bids at 56 percent. Office projects were the next highest at 9 percent, followed by Medical projects at 8 percent and Hospitality/Entertainment at 5 percent. The breakdown construction type for private projects was new construction and additions at 297 projects and renovations and alterations 389 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 our website.