Major metropolitan areas in California saw more than 7,500 new construction contracts released for bid with a combined value of nearly $25 billion in 2014, according to BidClerk, a Chicago-based tracker of construction project data.
In the Sacramento-Arden-Arcade-Roseville metro market, there were 753 projects with a combined value of $1.34 billion last year, compared with 734 projects with a value of $1.76 billion in 2013.
BidClerk said California’s 2014 totals primarily were driven by year-over-year increases in projects in the Los Angeles, San Francisco and San Diego areas.
The Los Angeles market accounted for nearly a third of the statewide contracts in 2014, with more than 2,400 new construction contracts released for bid at a , combined value of more than $6 billion. San Francisco had more than 1,800 new construction contracts released for bid last year with a combined value of more than $6.5 billion, BidClerk said.
Nationwide, BidClerk reported on 162,000 commercial construction projects in 2014 valued at $455 billion, a significant improvement over 2013 projects valued more than $175 million.
All figures include both public and private work.
Call The Bee’s Mark Glover, (916) 321-1184.