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Florida Major Metro Regions Experience Year-Over-Year Decrease of (-11.7%) in Commercial Construction Activity, BidClerk 1st Quarter 2014 Data Shows
|By Business Wire
|May 6, 2014 02:00 PM EDT
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.
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
More info: www.BidClerk.com
or call (877) 737-6482.
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