California Major Metro Regions Experience Year-Over-Year Increase of 1.03%
in Commercial Construction Activity, BidClerk 1st Quarter 2014 Data Shows
Total Contract Value in the California Regions Surveyed Was $6.8 billion in
the 1st Quarter of 2014
CHICAGO -- May 6, 2014
For California major metro regions, 1st quarter 2014 BidClerk data showed a
year-over-year increase of 1.03% for new actively bid commercial construction
projects. This compares to a 9.82% increase reported for the 4^th quarter of
2013. Total contract value for commercial construction in the California
regions surveyed topped out at $6.8 billion in the 1st quarter of 2014.
Overall, in the 1^st quarter of 2014, BidClerk reported on nearly 2500
actively bidding opportunities in the California Major MSAs.
For the Los Angeles MSA region, 1^st quarter 2014 BidClerk data showed a
year-over-year decrease of (-2%) for new actively bidding construction
projects. Private projects increased 11.54% in the 1st quarter in a
year-over-year comparison, while public projects decreased (-6.42%) in the
One notable project that actively bid in the 1^st quarter of 2014 in the Los
Angeles MSA region is the Fountainview at Gonda. The project is being built at
an estimated cost of $100 million. The general contractor is McCormick
Construction (Burbank, CA) and the architect is Gensler (Los Angeles, CA).
(BidClerk project number 2492809.)
For the San Francisco MSA region, 1st quarter 2014 BidClerk data showed a
decrease of (-5.2%) in overall actively bidding construction projects. Private
projects decreased (-8.42%) in the 1st quarter in a year-over-year comparison,
while public projects decreased (-4.56%) in the same period.
A prominent project that actively bid in the 1^st quarter 2014 in the San
Francisco MSA region is the 350 Eighth Street Mixed-Useproject, an entire
city block of market-rate housing in San Francisco’s SoMa district. It is
being built at an estimated cost of $220 million. The construction manager is
James E. Roberts - Obayashi Corp. (Danville, CA) and the architect is Kava
Massih Architects (Berkeley, CA). (BidClerk project number 2185115.)
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.
Nationally, BidClerk reported on $130.3 billion in commercial construction
contracts out-to-bid in the first quarter of 2014. BidClerk saw a decrease of
(-2.09%) for the total number of commercial construction projects out-to-bid
compared to the first quarter of 2013. 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
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 1st quarter 2014 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.
John D. Wagner, 919-796-9984
Press spacebar to pause and continue. Press esc to stop.