Welcome!

News Feed Item

Florida Major Metro Regions Experience Year-Over-Year Decrease of (-11.7%) in Commercial Construction Activity, BidClerk 1st Quarter 2014 Data Shows

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: [email protected].

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).

Find BidClerk on Twitter (@bidclerk), Facebook and Google Plus

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

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...