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Ohio Major Metro Regions Experience Year-Over-Year Decrease of (-9.43%) in Commercial Construction Activity, BidClerk 1st Quarter 2014 Data Shows
|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
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
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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