Business & Real Estate

State, Sacramento area see major annual gains in construction contracts

Major metropolitan areas in California saw more than 4,000 new construction contracts released for bid with a combined value of nearly $14 billion in this year’s second quarter, according to BidClerk, a Chicago-based tracker of construction project data.

The number of contracts increased about 50 percent year-over-year, and the combined value of all second-quarter contracts was more than double the $6.4 billion in the year-ago period.

In the Sacramento-Arden-Arcade-Roseville metro market, there were 523 projects with a combined value of nearly $2.5 billion in this year’s second quarter, up substantially from 287 projects with a value of $373.7 million in the second quarter of 2014.

All figures include public and private work. Of all projects statewide in the second quarter, BidClerk said more than 500 were privately funded and nearly 3,500 were publicly funded.

California metro areas included in the second-quarter report included Sacramento, Los Angeles, Riverside-San Bernardino, San Diego, San Francisco and Oakland.

  Comments