Actively bidding construction contract opportunities containing concrete in top 25 US metropolitan statistical areas was US$125.3B in 2013; average construction contract values up 30.5% year-over-year, with average values up in 20 of 25 areas: BidClerk
January 17, 2014
– Average Contract Value Increased 30.45% in 2013 over 2012 According to BidClerk’s Comprehensive Market Survey
BidClerk – the widely recognized leader in providing construction project data and marketing tools to manufacturers, contractors, and distributors – announced that the BidClerk Construction Index (BCI) has completed its analysis of actively bidding contracts containing concrete in 2013. In the top 25 Metropolitan Statistical Areas (MSAs), the BCI found that 20 of 25 MSAs saw increased average contract values in 2013 over 2012 figures. BidClerk reports that the 25 largest MSAs in the United States actively bid $125.3 billion of construction contract opportunities in 2013. The data was generated by a comprehensive survey of BidClerk’s actively bidding commercial construction database and represents opportunities for construction professionals nationwide.
According to the BCI, the combined 25 MSAs (full list below) reveal a 2013 year-over-year increase of over 30.45% in the average value of a construction contract that includes a concrete component. The United States’ two largest MSAs, New York-Northern New Jersey-Long Island, NY-NJ-PA and Los Angeles-Long Beach-Santa Ana, CA MSA underwent 39.55% and 52.68% increases in average contract value, respectively. Other large MSAs, including Chicago-Joliet-Naperville, IL-IN-WI and Boston-Cambridge-Quincy, MA-NH, experienced impressive double-digit increases in average contract value in 2013. BidClerk tracked similar gains in Baltimore-Towson, MD, Tampa-St. Petersburg-Clearwater, FL and Portland-Vancouver-Hillsboro, all of which saw at least 50% increases in average contract value in 2013.
Only five of the 25 MSAs showed year-over-year decreases in average contract values, including Phoenix-Mesa-Glendale, AZ (-6.7%), Denver-Aurora-Broomfield, CO (-23.07%), Houston-Sugarland-Baytown, TX (-27.52%).
View the full BCI report at this link: https://www.bidclerk.com/world-of-concrete-exhibit.html.
“Despite some regions showing decreases, the overall national trend for construction contract values in 2013 reflects a strengthening construction industry,” says Scott Waterbury, BidClerk’s Chief Operating Officer (COO). “This BCI release confirms expanding opportunities for construction professionals and manufacturers using the BidClerk platform to access project data and bid new work in 2014."
Full results of the BCI analysis will be released to journalists and other interested parties who drop by the BidClerk booth at the World of Concrete trade show, January 21-24, 2014 in Las Vegas. BidClerk’s booth is C4060. To request specific market information, please contact the BidClerk BCI at BCI@bidclerk.com.
Today’s construction data was released by BidClerk, a leading provider of construction project data and marketing tools for building product manufacturers, contractors, and distributors. The BidClerk Construction Index (BCI) is a quarterly data service offered at no cost to media outlets that cover construction news. At any time, members of the media may request custom BCI reports for specific counties, regions, and states by contacting BidClerk: BCI@bidclerk.com.
Here is a list of the 25 MSAs surveyed by the BCI, in alphabetical order.
Atlanta-Sandy Springs-Marietta, GA MSA
Baltimore-Towson, MD MSA
Boston-Cambridge-Quincy, MA-NH MSA
Chicago-Joliet-Naperville, IL-IN-WI MSA
Dallas-Fort Worth-Arlington, TX MSA
Denver-Aurora-Broomfield, CO MSA
Detroit-Warren-Livonia, MI MSA
Houston-Sugar Land-Baytown, TX MSA
Los Angeles-Long Beach-Santa Ana, CA MSA
Miami-Fort Lauderdale-Pompano Beach, FL MSA
Minneapolis-St. Paul-Bloomington, MN-WI MSA
New York-Northern New Jersey-Long Island, NY-NJ-PA MSA
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
Phoenix-Mesa-Glendale, AZ MSA
Pittsburgh, PA MSA
Portland-Vancouver-Hillsboro, OR-WA MSA
Riverside-San Bernardino-Ontario, CA MSA
Sacramento–Arden-Arcade–Roseville, CA MSA
San Antonio-New Braunfels, TX MSA
San Diego-Carlsbad-San Marcos, CA MSA
San Francisco-Oakland-Fremont, CA MSA
Seattle-Tacoma-Bellevue, WA MSA
St. Louis, MO-IL MSA
Tampa-St. Petersburg-Clearwater, FL MSA
Washington-Arlington-Alexandria, DC-VA-MD-WV MSA
With the most affordable solutions on the market, BidClerk is leading its industry by offering the widest range of construction project data and marketing tools for building product manufacturers, contractors, and distributors. All of BidClerk’s services are offered at subscription rates that are far below those charged by McGraw-Hill Construction (NYSE:MHFI) or Reed Construction Data (Rel:Ln). More info: www.BidClerk.com or call (877) 737-6482.
John D. Wagner, 919-796-9984
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