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NYC Metro Region Overall Commercial Construction Activity Decreased (-7.38%) Year-Over-Year, BidClerk 1st Quarter 2014 Data Shows

Companies mentioned in this article: BidClerk

CHICAGO -- (BUSINESS WIRE) -- For New York City metro region, 1st quarter 2104 BidClerk data showed a decrease of (-7.38%) for new actively bid commercial construction projects, compared to the same period last year. The total contract value for the 1st quarter of 2014 is $8 billion, with an average contract value of $4.7 million. Overall, in the 1st quarter of 2014, BidClerk reported on more than 1,500 actively bidding opportunities in the NYC MSA.

One notable project that bid in the NYC MSA region in the 1st quarter of 2014 is the InterContinental New York Barclay Hotel renovations. (BidClerk job number 2734875.) The renovations are being done at a cost of $175 million. The construction manager is Tishman Construction (New York, NY). The architect is Stonehill & Taylor Architects (New York, NY).

The regions surveyed in the BidClerk Construction Index™ study were New York, NY; Northern New Jersey; and Long Island, NY.

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 database.

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 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.

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.


Copyright © Business Wire 2014
Contact:

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