|By Business Wire||
|May 6, 2014 02:01 PM EDT||
For the Pennsylvania major metro regions, 1st quarter 2014 BidClerk data showed a year-over-year decrease of (-11.48%) for new actively bid commercial construction projects, compared to a 23.63% increased in activity for the same period last year.
Total contract value for the Pennsylvania major metro regions surveyed topped out at $3.5 billion in the 1st quarter of 2014, with an average contract value of $2.5 million.
For the Philadelphia MSA region, 1st quarter 2014 BidClerk data showed a year-over-year decrease of (-14.94%) for new actively bidding construction projects, compared to a 19.34% increase in activity for the same period last year. The total value of construction activity in the Philadelphia MSA region for the 1st quarter 2014 was $1.5 billion.
A notable project actively bidding in the Philadelphia MSA region is Maris Grove - Independent Living, which is being built as an estimated cost of $30 million. (BidClerk project number 2660788.) The general contractor is The Whiting-Turner Contracting Co. (Baltimore, MD). The architect is Marks Thomas Architects (Baltimore, MD).
For the Pittsburgh MSA region, 1st quarter 2014 BidClerk data showed a year-over-year increase of 23.65% for new actively bidding construction projects, compared to an increase of 30.48% in activity for the same period last year. The total value of construction activity in the Pittsburgh MSA region for the 1st quarter 2014 was $1.3 billion.
A notable project actively bidding in the Pittsburgh MSA region is the Morrow Park City Apartments. It is being built at an estimated cost of $48 million. The developer is Village Green Management Company (Farmington Hills, MI). The architect is BKV Group (Minneapolis, MN). The awarded general contractor is Rycon Construction (Pittsburgh, PA) (BidClerk project number 2628604.)
The major-metro regions surveyed for this BCI report in Pennsylvania include Allentown-Bethlehem-Easton, PA-NJ; Harrisburg-Carlisle, PA; Philadelphia-Camden-Wilmington, PA-NJ-DE-MD; Pittsburgh, PA; Reading, PA; Scranton-Wilkes-Barre, PA; and York-Hanover, 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).
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