California Major Metro Regions Experience Year-Over-Year Increase of 11.8% in Construction Activity, BidClerk 4th Quarter 2013 Data Shows

Private Projects Increased 15.9% Year-Over-Year, While Public Projects Increased 10.5%, BidClerk Construction Index™ Finds

CHICAGO--()--For California major metro regions, 4th quarter 2103 BidClerk data showed a year-over-year increase of 11.8% for new actively bidding construction projects. Among those projects, private projects increased 15.9% in the 4th quarter 2013, in a year-over-year comparison, while public projects increased 10.5% in the 4th quarter of 2013. Total contract values in the California regions surveyed topped out at $10.5 billion in the 4th quarter of 2013. Overall, in 2013 BidClerk reported on more than 10,000 actively bidding opportunities in California, totaling over $37.3 billion for 2013. Total 4th quarter contract value was $5.0 billion for Los Angeles and $2.4 billion for San Francisco. Year-over-year contract values were down (-26.9%) for Los Angeles and up 14.5% for San Francisco.

For the city of Los Angeles, 4th quarter 2013 BidClerk data showed a year-over-year increase of 13.8% for new actively bidding construction projects, compared to a 17.2% increase in activity for the same period last year. Private projects increased 22% in the 4th quarter in a year-over-year comparison. Public projects increased 10.7% in the 4th quarter 2013. BidClerk reported on more than 4,000 projects totaling $18 billion in total contract value.

One notable project that actively bid in the 4th quarter of 2013 in the Los Angeles area is the San Fernando Valley Family Support Center (SFVFSC). (BidClerk project number 1973013.) It is being built at an estimated cost of $130 million. The construction manager is Pankow Builders (Pasadena, CA) and the architect is HKS Architects Inc. (Los Angeles).

For the city of San Francisco, 4th quarter 2013 BidClerk data showed no increased or decrease in new actively bidding construction projects. Private projects increased 16.4% in the 4th quarter in a year-over-year comparison. Public projects decreased (-4%) in the 4th quarter 2013. For San Francisco, BidClerk reported on more than 2,500 projects totaling $6.9 billion in total contract value.

A prominent project that actively bid in the 4th quarter 2013 in the San Francisco area is the Mission Bay Block 13W, a new construction, high-rise multi-residential building. (BidClerk project number 2615835.) It is being built at an estimated cost of $100 million. The construction manager is Nibbi Brothers General Contractors (San Francisco, CA) and the architect is HKS Architects Inc. (San Francisco).

The areas surveyed for this BCI 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.

In 2013, BidClerk reported on $407.1 billion of bidding commercial construction opportunities nationwide. 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 in the calendar year 2013.

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 4th quarter 2013 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.

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.

Contacts

BidClerk
John D. Wagner, 919-796-9984
Jdwagner@WagnerPR.com
WagnerPR.com

Release Summary

California Major Metro Regions Experience Year-Over-Year Increase of 11.8% in Construction Activity, BidClerk 4th Quarter 2013 Data Shows

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Contacts

BidClerk
John D. Wagner, 919-796-9984
Jdwagner@WagnerPR.com
WagnerPR.com