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Southwest U.S. Major Metro Regions Experience Year-Over-Year Decrease of (-8.87%) in Commercial Construction Activity, BidClerk 1st Quarter 2014 Data Shows
|By Business Wire
|May 6, 2014 02:01 PM EDT
For major metro regions in the Southwest U.S., 1st quarter
2014 BidClerk data showed a year-over-year decrease of (-8.87%) for new
actively bid commercial construction projects, compared to a 2.21%
increase in activity for the same period last year.
Total contract value in the Southwest U.S. regions surveyed topped out
at $2 billion in the 1st quarter of 2014. Average contract
value was $2.6 million.
For the Phoenix MSA region, 1st quarter 2014 BidClerk data showed a
year-over-year decrease of (-12.99%) for new actively bidding
construction projects, compared to a (-15.38%) decrease in activity for
the same period last year. Private projects decreased (-19.88%) in the 1st
quarter in a year-over-year comparison, compared to a (-15.26%) decrease
for this same period one year ago. Public projects decreased (-4.79%) in
the 1st quarter 2014, compared to a (-16.09%) decrease reported for the
same period last year. The total value of construction activity in the
Phoenix MSA region for the 1st quarter 2014 was $700 million.
A notable project actively bidding in the Phoenix MSA region is the MET
at Fashion Center. It is being built at an estimated cost of $40
million. The developer is HCW Development (Branson, MO) and the
architect is Biltform Architecture Group Inc. (Phoenix, AZ). The awarded
general contractor is Summit dck, LLC (Phoenix, AZ). (BidClerk project
For the Las Vegas MSA region, 1st quarter 2014 BidClerk data showed a
year-over-year decrease of (-4.69%) for new actively bidding
construction projects, compared to an increase of 12.94% in activity for
the same period last year. Private projects decreased (-8.86%) in the 1st
quarter in a year-over-year comparison, compared to a (-14.13%) decrease
reported for the same period in 2013. Public projects decreased (-0.89%)
in the 1st quarter 2014, compared to a 43.59% increase reported for the
same period in 2013.
A notable project in the Las Vegas MSA region is the Nevada State
College Nursing, Science & Education Building. It is being built at an
estimated cost of $22 million. The construction manager is Ledcor
Construction Inc. (Henderson, NV). The architect is PGAL Architects (Las
Vegas, NV). (BidClerk project number 2717201.)
For the Albuquerque MSA region, 1st quarter 2014 BidClerk data showed a
year-over-year increase of 6.45% for new actively bidding construction
projects, compared to a 3.33% increase in activity for the same period
last year. While private projects decreased (-27.03%), public projects
increased 28.57% in the 1st quarter 2014. The total value of
construction activity in the Albuquerque MSA for the 1st
quarter 2014 was $300 million.
A notable project actively bidding in the Albuquerque MSA region is the
Eagle Vista Apartments. It is being built at an estimated cost of $15.5
million. The developer is Eagle Vista LLC (Albuquerque, NM). The
architect is Dekker/Perich/Sabatini (DPS) (Albuquerque, NM). (BidClerk
project number 2730448.)
The major-metro regions surveyed for this BCI report in the Southwest
U.S. include Phoenix-Mesa-Glendale, AZ; Prescott, AZ; Tucson, AZ; Yuma,
AZ; Las Vegas-Paradise, NV; Reno-Sparks, NV; Albuquerque, NM; and Santa
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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