CHICAGO—BidClerk, the Chicago-based provider of construction project data, just released its BidClerk Construction Index, an analysis of actively bidding contracts containing concrete in 2013. The firm found that the 25 major metropolitan areas studied had $125.3 billion of construction contract opportunities for the year, a 30.45% increase over the previous year. Overall, 20 of the 25 areas studied saw an increase. BidClerk generated the data by surveying its actively bidding commercial construction database.
“Despite some regions showing decreases, the overall national trend for construction contract values in 2013 reflects a strengthening construction industry,” said Scott Waterbury, BidClerk's chief operating officer.
Some of the most impressive gains were seen in the nation's largest markets. The New York and Los Angeles areas saw 39.55% and 52.68% increases in average contract value, respectively. And the Chicago metro area, which had $8.8 billion in total contracts, saw a 34.86% increase in average contract value. Other big winners were the Miami-Ft. Lauderdale and Tampa-St. Petersburg areas, which saw average value increases of 116.07% and 203.76%, respectively. Only five of the metro areas showed year-over-year decreases in average contract values, including a 6.7% decline for Phoenix, a 23.07% decline for Denver, and 27.52% for Houston.
BCI will release the full results of its analysis to interested parties at the World of Concrete trade show, which begins on January 21 in Las Vegas.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
