Pennsylvania Major Metro Regions Private Projects Increased 9.8% Year-Over-Year, BidClerk 4th Quarter 2013 Data Shows
Total contract values for the Pennsylvania major metro regions are over $14.5 billion for 2013, BidClerk Construction Index™ Finds
CHICAGO--(BUSINESS WIRE)--For the Pennsylvania major metro regions, 4th quarter 2013 BidClerk data showed that total contract values topped out at $3.4 billion in the 4th quarter of 2013, compared to $14.5 Billion for all of 2013. BidClerk also found that private projects increased 9.7% in the 4th quarter 2013, in a year-over-year comparison. In 2013, BidClerk reported on more than 6,500 actively bidding opportunities within Pennsylvania major markets.
For the city of Philadelphia, 4th quarter 2013 BidClerk data showed a year-over-year increase of 27% for new actively bidding construction projects. Private projects increased 23% in the 4th quarter in a year-over-year comparison, and public projects increased 28.5% during the same period. Total contract values for Philadelphia topped out at $5.7 billion in 2013. BidClerk reported on more than 3,500 actively bidding opportunities in the city.
A notable project actively bidding in Philadelphia is Rodin Square. (BidClerk project number 2630115.) It is being built at an estimated cost of $110 million. The developer is Daljan Development (Washington, DC) and the architect is MV+A (Bethesda, MD).
For the city of Pittsburgh, 4th quarter 2013 BidClerk data provided $470 million in actively bidding construction projects, compared to $1.2 Billion in active construction contracts in the 3rd quarter of 2013. Total contract values for Pittsburgh topped out at $3 billion in 2013. BidClerk reported on more than 1,500 actively bidding opportunities in the city.
One high-profile project actively bidding in Pittsburgh is The Street at the Meadows. (BidClerk project number 2305347.) It is being built at an estimated cost of $20 million. The developer is Horizon Properties (Canonsburg, PA) and the architect is Omni Associates - Architects Inc. (Fairmont, WV).
The major-metro regions surveyed for this BCI report in Pennsylvania include Allentown-Bethlehem-Easton, PA-NJ; Harrisburg-Carlisle, PA; Philadelphia-Camden-Wilmington, PA-NJ-DE-MD; Pittsburgh, PA; Reading, PA; Scranton-Wilkes-Barre, PA; and York-Hanover, PA,
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.
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.