Illinois Major Metro Regions See 2,400+ New Construction Projects Released for Bid in the 2nd Quarter of 2014, BidClerk Data Shows

By Business Wire,  August 07, 2014, 02:30:00 PM EDT


Illinois Regions' Contracts Are Valued at $5 Billion

CHICAGO--(BUSINESS WIRE)-- BidClerk data showed that Illinois major metro regions saw more than 2,400 new construction projects released for bid in the 2nd quarter of 2014. The total value of those projects was $5 billion. This compares to a total contract value of $5.4 billion that BidClerk 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 Chicago MSA region, BidClerk data showed there were more than 1,600 new construction projects released for bid in the 2nd quarter of 2014. The contracts were valued at more than $3.8 billion.

One notable project actively bidding in the Chicago MSA region is the Forsythe Technology Data Center. (BidClerk project number 2744375.) It is being built at an estimated cost of $40 million. The architect is Sheehan Partners (Chicago, IL) and the general contractor is Turner Construction (Chicago, IL).

For the St. Louis MSA region, BidClerk data showed that more than 300 new construction projects were released for bid in the 2nd quarter of 2014. The contracts were valued at more than $650 million.

One notable project actively bidding in the St. Louis MSA region is The Vanguard at Creve Coeur. (BidClerk project number 2315104.) It is being built at an estimated cost of $20 million. The construction management firm is Covington Realty Partners (St. Louis, MO).

The areas surveyed for this BCI report are all major-metro regions in Illinois and surrounding areas, including Chicago-Naperville-Joliet, IL; Champaign-Urbana, IL; Davenport-Moline-Rock Island, IL; Peoria, IL; Rockford, IL; Springfield, IL, and St. Louis, MO.

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 BidClerk Construction Index™ (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: BCI@bidclerk.com.

About BidClerk

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.

Source: BidClerk



This article appears in: News Headlines

Referenced Stocks: MHFI


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