Southwest U.S. Major Metro Regions See 600 New Construction Projects Released for Bid in the 2nd Quarter of 2014, BidClerk Data Shows

By Business Wire,  August 07, 2014, 02:55:00 PM EDT


Southwest U.S. Regions Total Contract Value is $2.5 Billion

CHICAGO--(BUSINESS WIRE)-- Major metro regions in the Southwest U.S. saw more than 600 new construction projects put out for bid in the 2nd quarter of 2014, with a total contract value of $2.5 billion. This compares with a total contract value of $2 billion 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 Phoenix MSA region, 2nd quarter BidClerk data shows there were more than 250 new construction projects released for bid, with a combined contract value of $900 million.

A notable project actively bidding in the Phoenix MSA region is the @51 Apartments. (BidClerk project number 2292117.) It is being built at an estimated cost of $30 million. The architecture firm is Antunovich Associates (Chicago, IL) and the general contractor is Smithfield Properties (Chicago, IL).

For the Las Vegas MSA region, 2nd quarter BidClerk data shows there were more than 150 new construction projects released for bid, with a combined value of $1 billion.

A notable project in the Las Vegas MSA region is the Gramercy -- Tower Building #7. (BidClerk project number 2541377.) It is being built at an estimated cost of $300 million. The architectural firm is Oz Architecture (Boulder, CO) and the general contractor is Martin-Harris Construction (Las Vegas, NV).

For the Albuquerque MSA region, 2nd quarter BidClerk data shows there were more than 80 new construction projects released for bid, with a combined contract value of $160 million.

A notable project actively bidding in the Albuquerque MSA region is the Neighborhood at Rio Rancho. (BidClerk project number 1858813.) It is being built at an estimated cost of $35 million. The architecture firm is The Design Group (Albuquerque, NM) and the general contractor is Bradbury Stamm Construction (Albuquerque, NM).

The major-metro regions surveyed for this BidClerk Construction Index™ (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.

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: 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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