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Page 1: Virginia - Letting Report, LLClettingreport.com/LettingReport/Home_files/VA-04-2017.pdf39 Virginia Letting Report Construction 3 March 2017 Letting Report’s format & content may

Virginia

Letting Report®

March 2017 www.LettingReport.com

Construction

LR

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Virginia Letting ReportLR

March 2017 2 Construction

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Virginia Letting ReportLR

Construction 3 March 2017

Letting Report’s format & content may differ State by State depending on the availability of information and the timing in which it becomes available.

Metrics by Project Size The current month’s letting is broken down by project size and summarized with useful metrics including ratios, counts, proportions and averages.

LETTING REPORT TABLE OF CONTENTSPerformance &Competition Graphs

Six useful graphs trending the Letting Performance & Competition over the course of the Calendar Year.

Market Metrics Table detailing pertinent Letting Market Metrics. Figures are summarized Year-to-Date and for the past Trailing Three Months.

Leader Board Companies’ bidding activity and performance are summarized for all firms placing at least one winning bid during the current Calendar Year.

This list is sorted by largest winnings and details: Amount Left on Table (LOT), LOT %, No. of Jobs Bid, No. of Jobs Won, Win Rate expressed as a Percentage, and Percentage of Market Share.

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Virginia Letting ReportLR

March 2017 4 Construction

CONSTRUCTION PERFORMANCE & COMPETITION BY MONTH

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$50,000,000

$100,000,000

$150,000,000

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J F M A M J J A S O N D

Total Low Bid Volume ($)

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J F M A M J J A S O N D

Number of Projects

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Virginia Letting ReportLR

Construction 5 March 2017

VA CONSTRUCTION LETTING MARKET METRICS

2017 Calendar Year-to-Date & Trailing Three MonthsJanuary February March YTD

Sum of Low Bids ($) 85,961,581 171,266,206 22,713,774 279,941,560Sum of 2nd Place Bids ($) 83,715,014 172,244,751 22,691,869 278,651,634

Count of Projects in Letting 39 67 17 123Count of Bids Placed 144 200 58 402Average Project Size ($) 2,204,143 2,556,212 1,336,104 2,275,948Average Number of Bids Placed per Project 3.7 3.0 3.4 3.3

Count of Unique Winning Bidders 28 27 14 54Projects Available per Unique Winning Bidders 1.4 2.5 1.2 2.3Average Number Bids Placed per Unique Winning Bidders 5.1 7.4 4.1 7.4Average Low Bid per Unique Winning Bidder ($) 3,070,056 6,343,193 1,622,412 5,184,103

Count of Unique Bidders Participating 77 66 39 117Projects Available per Unique Bidder Participating 0.5 1.0 0.4 1.1Average Number Bids Placed per Unique Bidder Participating 1.9 3.0 1.5 3.4Average Number of Unique Bidders Participating per Project 2.0 1.0 2.3 1.0Unique Bidders per Unique Winners 2.8 2.4 2.8 2.2Average Project Size per Unique Bidder Participating ($) 1,116,384 2,594,943 582,404 2,392,663

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Virginia Letting ReportLR

March 2017 6 Construction

Letting Report conducts market research in most States across the country.

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Construction 7 March 2017

Rank CompanyVolume Won ($)

Left on Table ($)

LOT % Of Bid

# Jobs Bid

# Jobs Won

Win Rate (%)

Market Share (%)

CONSTRUCTION LETTING YEAR-TO-DATE LEADER BOARD

1 ADAMS CONSTRUCTION 33,359,709 1,519,180 5 29 19 66 11.9 1.50

2 WL CONSTRUCTION & PAVING 25,141,386 6,984,490 28 11 8 73 9.0 2.50

3 SUPERIOR PAVING 24,599,417 1,924,863 8 9 5 56 8.8 3.50

4 VIRGINIA PAVING 22,140,359 1,014,303 5 14 4 29 7.9 4.50

5 ALLAN MYERS 17,154,883 1,211,359 7 19 8 42 6.1 5.50

6 EJ WADE CONSTRUCTION 11,653,486 310,901 3 1 1 100 4.2 6.50

7 COLONY CONSTRUCTION 11,241,886 1,135,158 10 7 5 71 4.0 7.50

8 ARTHUR CONSTRUCTION 11,082,606 721,860 7 14 4 29 4.0 8.50

9 FIELDER'S CHOICE ENTERPRISES

10,757,088 809,791 8 8 1 13 3.8

9.50 10 MARTINS CONSTRUCTION 10,588,960 405,204 4 2 2 100 3.8

10.50 11 BOXLEY MATERIALS 8,580,767 361,456 4 15 6 40 3.1

11.50 12 JULIUS BRANSCOME 8,339,224 1,109,482 13 3 2 67 3.0

12.50 13 BRANSCOME 7,938,807 232,885 3 16 4 25 2.8

13.50 14 SLURRY PAVERS 5,592,473 0 0 4 2 50 2.0

14.50 15 LEE HY PAVING 4,941,398 373,967 8 8 2 25 1.8

15.50 16 FRANCIS O DAY 4,806,684 60,393 1 6 1 17 1.7

16.50 17 ROGERS GROUP 4,717,000 221,816 5 6 1 17 1.7

17.50 18 FORT MYER CONSTRUCTION 4,405,057 11,646 0 15 2 13 1.6

18.50 19 SL WILLIAMSON 4,259,235 561,319 13 6 2 33 1.5

19.50 20 FAIRFIELD-ECHOLS 4,188,264 108,219 3 1 1 100 1.5

20.50 21 CURTIS CONTRACTING 3,996,500 1,857,400 46 6 1 17 1.4

21.50 22 PHILLIPS CONSTRUCTION 3,655,276 206,123 6 1 1 100 1.3

22.50 23 SAGRES CONSTRUCTION 2,991,473 332,042 11 2 2 100 1.1

23.50 24 PCL CIVIL CONSTRUCTORS 2,950,770 811,530 28 2 1 50 1.1

24.50 25 ORDERS CONSTRUCTION 2,940,412 162,675 6 6 2 33 1.1

25.50 26 CROSSROADS BRIDGE 2,643,463 268,354 10 5 2 40 0.9

26.50 27 KANAWHA STONE 2,055,597 178,233 9 3 1 33 0.7

27.50 28 MCLEAN CONTRACTING 1,860,585 945,418 51 4 2 50 0.7

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Virginia Letting ReportLR

March 2017 8 Construction

Rank CompanyVolume Won ($)

Left on Table ($)

LOT % Of Bid

# Jobs Bid

# Jobs Won

Win Rate (%)

Market Share (%)

CONSTRUCTION LETTING YEAR-TO-DATE LEADER BOARD

Totals based on apparent low bid. Actual awarded amount may differ based on Awarded, Rejected or Deferred status.Incomplete bids are counted as a bid. Amount left on table can appear inflated if 2nd place bid is listed as incomplete.

Values do not include Time portion of Bid. Amount LOT can appear high or low depending on value of Work portion of 2nd Place bid.

29 A ANNANDALE 1,840,410 45,238 2 4 2 50 0.7 29.50

30 KICKIN ASPHALT PAVING AND EXCAVATING

1,633,177 213,876 13 4 2 50 0.6

30.50 31 LANFORD BROTHERS 1,519,609 213,481 14 2 1 50 0.5

31.50 32 B & S CONTRACTING 1,486,998 202,720 14 1 1 100 0.5

32.50 33 BURLEIGH CONSTRUCTION 1,405,843 29,310 2 8 2 25 0.5

33.50 34 TRIDENT CIVIL 1,348,843 21,051 2 1 1 100 0.5

34.50 35 REGLAS PAINTING 1,335,000 85,500 6 2 1 50 0.5

35.50 36 BRYANT STRUCTURES 1,235,950 61,555 5 1 1 100 0.4

36.50 37 PATRICK CONSTRUCTION 859,146 183,307 21 4 2 50 0.3

37.50 38 DENTON CONCRETE

SERVICES817,166 78,070 10 1 1 100 0.3

38.50 39 BISSETTE CONSTRUCTION 783,385 24,340 3 1 1 100 0.3

39.50 40 JIREH CONSTRUCTION 753,648 19,656 3 8 1 13 0.3

40.50 41 LS LEE 709,368 0 0 1 1 100 0.3

41.50 42 VENTURE CONSTRUCTION NH 665,872 109,902 17 1 1 100 0.2

42.50 43 KLICOS PAINTING 649,750 10,250 2 2 1 50 0.2

43.50 44 A & A SAFETY 625,109 26,109 4 5 1 20 0.2

44.50 45 DURA MARK 572,141 6,310 1 4 1 25 0.2

45.50 46 JL KENT & SONS 469,675 266,594 57 2 1 50 0.2

46.50 47 ETI ENVIRONMENTAL 463,383 56,992 12 2 2 100 0.2

47.50 48 CR HENDERSON COMPANY 449,952 147,707 33 1 1 100 0.2

48.50 49 ELK KNOB 372,408 124,617 33 1 1 100 0.1

49.50 50 TAVARES CONCRETE 307,464 20,451 7 2 1 50 0.1

50.50 51 SELCO CONSTRUCTION 299,901 33 0 1 1 100 0.1

51.50 52 DW MILLER CONSTRUCTION 263,415 33,585 13 4 1 25 0.1

52.50 53 WEBSTER & WEBSTER 258,620 35,379 14 1 1 100 0.1

53.50 54 LAS TRUCKING &

CONSTRUCTION232,560 47,915 21 1 1 100 0.1

Total 279,941,560 25,904,013 9 288 123 43 100

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Virginia Letting ReportLR

Construction 9 March 2017

CURRENT MONTH METRICS BY PROJECT SIZE

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

3 5 4 4 1 0 0 0 17

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

18 29 24 24 6 0 0 0 100

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

824,339 3,576,358 4,513,936 8,699,976 5,099,165 0 0 0 22,713,774

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

4 16 20 38 22 0 0 0 100

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

274,780 715,272 1,128,484 2,174,994 5,099,165 0 0 0 1,336,104

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

-186,171 -193,416 -63,020 -554,750 -199,610 0 0 0 -1,196,968

VALUE LEFT ON TABLE ($)

AVERAGE LOW BID VALUE PER PROJECT ($)

PROPORTION OF VALUE OF LOW BID AMOUNT (%)

VALUE OF LOW BID AMOUNT ($)

PROPORTION OF COUNT OF PROJECTS IN LETTING (%)

COUNT OF PROJECTS IN LETTING

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Virginia Letting ReportLR

March 2017 10 Construction

CURRENT MONTH METRICS BY PROJECT SIZE

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

16 16 5 46 17 0 0 0 100

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

11 17 12 15 3 0 0 0 58

$0-$500k $500k-$1 $1m-$2 $2m-$5 $5m-$10 $10m-$20 $20m-$50 $50+ Total

3.7 3.4 3.0 3.8 3.0 0.0 0.0 0.0 3.4

AVERAGE NUMBER OF BIDS SUBMITTED PER PROJECT

PROPORTION OF VALUE LEFT ON TABLE (%)

COUNT OF ALL BIDS SUBMITTED

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Letting Report®

A complete monthly analysis of the Highway Letting

Please contact [email protected] for ordering information

For Informational Purposes Only:• Data is for informational purposes only. Letting Report, LLC cannot be held li-

able for accuracy of information.

• Data observed and compiled from various sources including (but not limited to): DOT, Contractors, Public Information Requests, Newsprints, and Personal Interviews.

• Data is per apparent low bidder. Adjustments are not made for “Awarded”, “Rejected”, or “Deferred” status.

• Information provided is deemed reliable but is subject to error, oversight, omission, duplication, and other types of analysis error. Please contact DOT for official results.

• The Leader Board is not intended to be used as an official performance board within the Highway Letting. The data contained within the Leader Board is simply observed data compiled for informational purposes only.

• Should you spot an error, oversight, omission, duplication, or other type of incorrect reporting, please email [email protected].

Contact Letting Report for specialized counts, proportions, performance and analysis of the highway letting.

Visit our website: www.LettingReport.com

Letting Report® is published by Letting Report, LLC. Tables, graphics, charts, ratios, and analysis are protected under Copyright laws. This publication is intended solely for the individual that it was addressed to. Please do not print multiple copies, copy or forward without permission from Letting Report, LLC.

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