|By Business Wire||
|May 6, 2014 02:00 PM EDT||
For the Washington, DC / Baltimore MSA regions, 1st quarter 2014 BidClerk data showed a year-over-year decrease of (-10.53%) for new actively bid commercial construction projects, compared to a 10.83% increase in activity for the same period last year. Total contract values in the Washington DC / Baltimore MSA regions topped out at $7.2 billion.
For the Washington, DC MSA, 1st quarter 2014 BidClerk data showed a year-over-year decrease of (-16.85%) for new actively bidding construction projects, compared to a 17.91% increase in activity for the same period last year. Private projects decreased (-28.54%) in the 1st quarter in a year-over-year comparison, compared to a 9.45% increase for the same period last year. Public projects decreased (-6.24%) in the 1st quarter 2014, compared to a 25.78% increase reported in the 1st quarter 2013. The total value of construction activity in the Washington, DC MSA region for the 1st quarter 2014 was $3.5 billion.
One notable project that actively bid in the 1st quarter 2014 in the Washington DC MSA region is the Georgetown University - Athletic Training Facility. It is being built at an estimated cost of $60 million. The construction manager is Whiting-Turner Contracting Co. (Chantilly, VA). The architect is Bowie Gridley Architects (Washington, DC). (BidClerk project number 1945199.)
For the Baltimore MSA region, 1st quarter 2014 BidClerk data showed a year-over-year increase of 3.34% for new actively bidding construction projects, compared to a (-2.16%) decrease in activity for the same period last year. Total value of contracts was $3.7 Billion. Overall, nearly 500 projects out-to-bid in Baltimore MSA.
A prominent project that actively bid in the 1st quarter 2014 for the Baltimore MSA region is The Metropolitan, which is being built at an estimated cost of $100 million. The general contractor is Clark Builders Group (Silver Spring, MD). The architect is Design Collective Inc. (Baltimore, MD). (BidClerk project number 1936702.)
The areas surveyed by this BCI report are the Washington DC MSA metro regions, including Washington-Arlington-Alexandria, DC-VA-MD-WV and Baltimore-Towson, MD.
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: [email protected].
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).
Find BidClerk on Twitter (@bidclerk), Facebook and Google Plus.
More info: www.BidClerk.com or call (877) 737-6482.