NYC Metro Region Sees More Than 1,900 Construction Projects Released for Bid in the 2nd Quarter of 2014, BidClerk Data Shows
NYC Metro Region Contracts Are Valued at $11.8 Billion
CHICAGO--(BUSINESS WIRE)--The New York City metro region saw more than 1,900 new construction projects put out for bid with a total contract value of $11.8 billion in the 2nd quarter of 2104, BidClerk data showed. This compares to a total contract value of $8 billion 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.
One notable project that bid in the NYC MSA region in the 2nd quarter of 2014 is The Residences at 3 Journal Square. (BidClerk project number 2486069.) It is being built at an estimated cost of $50 million. The architect is Marchetto Higgins Stieve (Hoboken, NJ) and the developer is PHMII Associates (Secaucus, NJ).
Another notable project that bid in the NYC MSA region in the 2nd quarter of 2014 is 132 West 27th Street Hotel. (BidClerk project number 2826554.) It is being built at an estimated cost of $50 million. The architect is Peter Poon Architects (New York, NY), and the general contractor is Artimus Construction Inc. (New York, NY).
The regions surveyed in the BidClerk Construction Index™ study were New York, NY; Northern New Jersey; and Long Island, NY.
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 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.
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).
More info: www.BidClerk.com or call (877) 737-6482.