|By Business Wire||
|August 7, 2014 04:00 PM EDT||
Texas major metro markets saw more than 1,800 new construction projects released for bid in the 2nd quarter of 2014, with a total contract value of $8.7 billion, BidClerk data showed. This compares to $12.2 billion in total contract value reported in the 1st quarter of 2014.
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 Houston MSA region, 2nd quarter BidClerk data shows there were more than 600 new construction projects released for bid, with a combined contract value of $2.9 billion.
One notable project that actively bid in the 2nd quarter of 2014 in the Houston MSA region is Challenger Columbia Stadium. (BidClerk project number 2755435.) It is being built at an estimated cost of $33.7 million. The owner is the Clear Creek Independent School District, the architect is PBK Architects (Houston, TX), and the general contractor is ICI Construction (Spring TX).
For the Dallas MSA region, BidClerk’s 2nd quarter BidClerk data shows there were more than 600 new construction projects released for bid, with a combined contract value of $3.3 billion.
One notable project that actively bid in the 2nd quarter in the Dallas MSA is the Embassy Suites. (BidClerk project number 1828597.) It is being built at an estimated cost of $85 million. The developer is O'Reilly Hospitality Management (Springfield, MO) and the architect is Butler Rosenbury & Partners (Springfield, MO).
The areas surveyed for this BidClerk Construction Index™ (BCI) report are major-metro regions in Texas, including Dallas, TX; Houston, TX; San Antonio, TX; Austin, TX; and El Paso, TX.
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 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 (@bidclerk), Facebook and Google Plus
More info: www.BidClerk.com or call (877) 737-6482.
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