|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 number 2571244.)
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 Fe, NM.
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).
More info: www.BidClerk.com or call (877) 737-6482.
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