Texas was brimming with construction bid activity during the 4th Quarter of 2015. Construction Data reported on 3,158 total projects that had a bid date between October 1st and December 31st. Of those 3,158 construction bids, 2,409 were for public projects and 749 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 for the months of October, November and December. (This only included private sector construction projects with bid dates. Negotiated contracts during this time are not included.)
Of the 2,409 public projects, 788 were classified as General Building, 369 were Specialty Trades, 861 were Heavy/Highway and 659 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 51percent of all public bids in Texas during the 4th Quarter of 2015. Engineering projects cover a broad spectrum of sub industries including roadwork, bridges, site work, sewer and waterlines and dredging projects. Educational projects accounted for 16 percent, with General/Civil Joint projects next at 12 percent and Governmental projects made up 11 percent of all public sector bids.
Breaking down the Engineering industry we find that 40 percent of projects were for roadwork and road lighting. 32 percent were sewer and water projects and 11 percent of Engineering projects were for site work.
Looking at the public sector in terms of construction type, 1,702 projects were alterations, 524 projects were for renovations of existing structures and 253 projects were for new construction or additions.
Retail industry projects led all private projects bids at 61 percent. Office projects were next at 10 percent, followed by Medical projects at 9 percent. The breakdown by construction type for private projects was new construction and additions at 366 projects, renovations at 376 and alterations at 19 projects.
Taking a deeper look at the Retail industry we find that 64 percent of all Retail bids were for fit-outs and stand-alone stores. Next up were restaurant projects at 21 percent and automotive at 9 percent.