|By Business Wire||
|August 7, 2014 02:05 PM EDT||
For California major metro regions, 2nd quarter 2014 BidClerk data showed that more than 2,400 new construction contracts were released for bid in the 2nd quarter of 2014. The total contract value for the California regions surveyed was $6.8 billion.
Nationally, BidClerk reported on $126 billion in commercial construction contracts out-to-bid in the 2nd quarter of 2014, across more than 50,000 projects. BidClerk saw an increase in the total contract values of more than $14 billion compared to the 2nd quarter of 2013. These figures include both public and private work, and it represents the aggregate value of actively bidding commercial construction contract opportunities available in BidClerk's database.
For the Los Angeles MSA region, 2nd quarter 2014 BidClerk data showed that there were more than 900 new construction contracts released for bid, with a combined contract value of $3.3 billion.
One notable project that actively bid in the 2nd quarter of 2014 in the Los Angeles MSA region is La Tijera Boulevard Residential. (BidClerk project number 2489639.) It is being built at an estimated cost of $20 million. The architect is Togawa Smith Martin Residential (Los Angeles, CA) and the general contractor is TriCal Construction Inc. (Marina del Rey, CA).
For the San Francisco MSA region, 2nd quarter 2014 BidClerk data showed more than 600 new construction contracts were released for bid, with a combined contract value of over $2 billion.
A notable project that actively bid in the 2nd quarter of 2014 in the San Francisco MSA region is the Hunters Point Shipyard Phase I Blocks 56/57. (BidClerk project number 2185115.) It is being built at an estimated cost of $37 million. The developer is Lennar Urban (San Francisco, CA). The architect is Steinberg Architects (San Francisco, CA) and the construction manager is Cahill Contractors (San Francisco, CA)
The areas surveyed for this BidClerk Construction Index™ report are all major-metro regions in California, including Los Angeles-Long Beach-Santa Ana, CA; San Francisco-Oakland-Fremont, Sacramento-Arden-Arcade-Roseville, CA; San Diego-Carlsbad-San Marcos, CA; and Riverside-San Bernardino-Ontario, CA.
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 2nd quarter of 2014 and is not a complete representation of BidClerk's extensive project database which 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: BCI@bidclerk.com.
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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