Actively bidding commercial construction projects in major-metro regions in Florida in Q1 down 11.7% year-over-year; total contract values in surveyed regions topped out at US$3.5B, with average contract value of US$2.3M: BidClerk

Allison Oesterle

CHICAGO , May 6, 2014 (press release) – Total Contract Value in the Florida Regions Surveyed Was $3.5 Billion in the 1st Quarter of 2014. Average Contract Value of $2.3 Million.

For Florida major metro regions, 1st quarter 2014 BidClerk data showed a year-over-year decrease of (-11.7%) for new actively bid commercial construction projects, compared to an increase of 15.32% in activity for the same period last year.

Total contract value in the Florida regions surveyed topped out at $3.5 billion in the 1st quarter of 2014, with an average contract value of $2.3 million. This compares to a $4 billion total contract value reported for the 4th quarter of 2013, with an average contract value of $2.7 million.

For the Miami MSA region, 1st quarter 2014 BidClerk data showed a year-over-year decrease of (-15.9%) for new actively bidding construction projects, compared to a 4.83% increase in activity for the same period last year. Private projects decreased (-6.98%) in the 1st quarter in a year-over-year comparison, compared to a (-8.9%) decrease reports for the 1st quarter of 2013. Public projects decreased (-20.53%) in the 1st quarter 2014, compared to a 13.74% increase reported in the 1st quarter 2013. The total value of construction activity in the Miami MSA region for the 1st quarter 2014 was $1.6 billion.

One notable project actively bidding in the Miami MSA region is Wynwood Central. It is being built at an estimated cost of $100 million. The general contractor is GRYCON, LLC (Miami, FL). The architect is DNB Design Group (Miami, FL). (BidClerk project number 2734890.)

For the Orlando MSA region, 1st quarter 2014 BidClerk data showed a decrease of (-5.03%) in new actively bidding construction projects. Private projects decreased (-2.68%) in the 1st quarter of 2014 in a year-over-year comparison, compared to a (-19.42%) decrease reported in the 1st quarter 2013. Public projects decreased (-6.31%) in the 1st quarter of 2014, compared to an increase of (39.19%) reported in the 1st quarter 2013. The total value of construction activity in the Orlando MSA region for the 1st quarter 2014 was $1.1 billion.

One notable project actively bidding in the Orlando MSA region is the Orange County Convention Center West Building. The architect is HHCP Architects Inc. (Orlando, FL). General Contractor Hensel Phelps (Orlando, FL) was the apparent low bidder at $40 Million. (BidClerk project number 2699223.)

For the Tampa MSA region, 1st quarter 2014 BidClerk data showed a decrease of (-7%) in new actively bidding construction projects. Private projects decreased (-14.66%) in the 1st quarter of 2014 in a year-over-year comparison, compared to a (-8.66%) decreased reported for the 1st quarter of 2013. Public projects decreased (-3.87%) in the 1st quarter 2014, compared to a 45.75% increase reported in the 1st quarter 2013.

One notable project actively bidding in the Tampa MSA region is Valrico Station. It is being built at an estimated cost of $16 million. The general contractor is CORE Construction Services of Florida (Sarasota, FL). The architect is Humphreys & Partners Architects (Maitland, FL), and the developer is WRH Realty Services (St. Petersburg, FL). (BidClerk project number 2607796.)

The areas surveyed for this BCI report are all major-metro regions in Florida, including Jacksonville, FL; Miami-Fort Lauderdale-Pompano Beach, FL; Orlando-Kissimmee-Sanford, FL; Tallahassee, FL; and Tampa-St. Petersburg-Clearwater, FL

Nationally, BidClerk reported on $130.3 billion in commercial construction contracts out-to-bid in the first quarter of 2014. BidClerk saw a decrease of (-2.09%) for the total number of commercial construction projects out-to-bid compared to the first quarter of 2013.

This number includes both public and private work and it represents the aggregate value of actively bidding commercial construction contract opportunities available in BidClerk's database.

Today's new construction data was released by BidClerk, a leading provider of construction project data and marketing tools for building product manufacturers, contractors, and distributors. The BCI data represents projects that actively bid in the 1st quarter 2014 and is not a full representation of BidClerk's full project database that tracks construction project data from the pre-construction phases through construction put-in-place. The BidClerk Construction Index is a quarterly data service offered at no cost to media outlets that cover regional construction news. Members of the media may request custom BidClerk Construction Index reports for specific counties, regions, and states by contacting BidClerk: BCI@bidclerk.com.

About BidClerk

BidClerk offers an extensive range of construction project data and marketing tools for building product manufacturers, contractors, and distributors. Advanced analytics, superior data coverage, and cost effectiveness set BidClerk services apart from competitors McGraw-Hill Construction (NYSE: MHFI) and Reed Construction Data (rel:Ln).

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More info: www.BidClerk.com or call (877) 737-6482.

Contacts

For BidClerk
John D. Wagner, 919-796-9984
Jdwagner@WagnerPR.com
WagnerPR.com

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