Illinois & Regional Major-Metro Construction Activity Experienced a 47.5% Increase Year-Over-Year, BidClerk Data Shows

CHICAGO--(BUSINESS WIRE)--

For major-metro regions in Illinois and surrounding areas, including Chicago-Naperville-Joliet, IL; Champaign-Urbana, IL; Davenport-Moline-Rock Island, IL; Peoria, Rockford, Springfield, IL, and St. Louis, MO, the BidClerk Construction Index™ (BCI) reports that combined public and private construction increased 47.5% in a year-over-year analysis. This compares to a 29.4% increase in year-over-year construction activity that the BCI reported in the 1^st quarter of 2013. Also, in a year-over-year comparison, private and public construction projects increased 15.5% and 58.6%, respectively. The total value of all the major-metro Illinois projects reported on BidClerk that bid in the 2^nd quarter of 2013 was $4,135,829,790.

In BCI's quarter-over-quarter analysis for the 2^nd quarter of 2013, there was an increase in overall construction activity of 14.4% compared to the 1^st quarter of 2013. Private and public construction activity increased 24.9% and 12.1% respectively.

The Chicago region experienced a 57.6% increase in combined public and private construction activity compared to one year ago. In a quarter-over-quarter analysis for Chicago's combined public and private construction activity, BCI's 2^nd quarter 2013 data showed that there was an increase in construction activity of 11.8% compared to the 1^st quarter of 2013.

In the St. Louis region, a year-over-year analysis revealed an increase of 48.5% in construction activity compared to a 17.7% increase reported by the BCI in the 1^st quarter of 2013. In a quarter-over-quarter analysis, the St. Louis region experienced a 22.6% increase in the 2^nd quarter of 2013.

Among the high-profile projects that BidClerk reported on for the 2^nd quarter 2013 was Northwestern University's Technological Institute J-Wing Addition in Evanston, IL. (2288710 BidClerk ID). The six-stories-tall, 42,248 sq. ft. structure will feature educational and laboratory spaces along with a multi-story atrium. The project value is $27,000,000. It began construction in May 2013, with a target completion date of December 2014. The architect for the project is FLAD Architects (Madison, WI). The contract for general contracting was awarded to Pepper Construction (Barrington, IL).

The regions surveyed by the BCI include Chicago-Naperville-Joliet, IL; Champaign-Urbana, IL; Davenport-Moline-Rock Island, IL; Peoria, Rockford, Springfield, IL, and St. Louis, MO.

Today's new construction project data was released by BidClerk, a leading provider of construction project data and marketing tools for building product manufacturers, contractors, and distributors. 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.

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