|By Business Wire||
|May 6, 2014 02:00 PM EDT||
For Ohio major metro regions, 1st quarter 2014 BidClerk data showed a year-over-year decrease of (-9.43%) for new actively bid commercial construction projects, compared to a (-0.99%) decrease in activity for the same period last year. Total contract value in the Ohio regions surveyed topped out at $3.2 billion in the 1st quarter of 2014, with an average contract value of $2.9 million.
For the Cincinnati MSA region, 1st quarter 2014 BidClerk data showed a year-over-year decrease of (-20.65%) for new actively bidding construction projects, compared to a 9.15% increase in activity for the same period last year. Private projects increased 4.17% in the 1st quarter in a year-over-year comparison, while public projects decreased (-48.47%) in the 1st quarter 2014, compared to a 25.36% increase reported in the 1st quarter 2013. Total value of contracts was $670 Million.
One notable project actively bidding in the Cincinnati MSA region is the University of Cincinnati -Teachers Complex. The project was designed by Champlin Architecture (Cincinnati, OH) for the University of Cincinnati. Skanska (Cincinnati, OH) is the apparent winner, at a construction value of $26.3 million. (BidClerk project number 2744533.)
For the Cleveland MSA region, 1st quarter 2014 BidClerk data showed an increase of 19.79% in new actively bidding construction projects. Private projects increased 28.57% in the 1st quarter in a year-over-year comparison, while Public projects increased 16.67% in the 1st quarter 2014. Total construction value in Q1 2014 for the Cleveland MSA region was nearly $650 million.
One notable project actively bidding in the Cleveland MSA region is the American Greetings Corporation Creative Studios and Headquarters. It is being built at an estimated cost of $350 Million. The owner is the American Greetings Corporation (Cleveland, OH). The architect is RTKL Associates Inc. (Baltimore, MD). The awarded general contractor is Walsh Construction (Canonsburg, PA) (BidClerk project number 1540548.)
For the Columbus MSA region, 1st quarter 2014 BidClerk data showed a decrease of (-24.41%) in new actively bidding construction projects. Private projects decreased (-34.34%) in the 1st quarter, year-over-year. Public projects decreased (-19.39%) in the 1st quarter 2014. Total value on contracts in Columbus MSA in Q1 2014 was $833 Million.
A notable project that bid in the Columbus area in Q1 2014 was the Ohio University: New College of Health Sciences and Professions Building – Phase I. This $14 million project was designed by Moody-Nolan, Inc. (Columbus, OH) and will be constructed by Daimler Group, Inc. (Columbus, OH) (BidClerk project number 2633395.)
The areas surveyed for this BCI report are all major-metro regions in Ohio, including Akron, OH; Cincinnati-Middletown, OH-KY-IN; Cleveland-Elyria-Mentor, OH; Columbus, OH; Dayton, OH; Toledo, OH; and Youngstown-Warren-Boardman, OH-PA.
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).
More info: www.BidClerk.com or call (877) 737-6482.
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