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Home » Georgia Nonresidential Contracts Stall Again in October
Southeast Construction NewsSoutheast

Georgia Nonresidential Contracts Stall Again in October

December 12, 2012
Scott Judy
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Steep declines in the value of new nonresidential and infrastructure construction projects caused the overall value of new Georgia contracts to drop 67% in October, according to McGraw-Hill Construction. The company estimated Georgia construction contracts totaled roughly $865.3 million for the month.

Image courtesy Roger B. Kennedy Inc.
Roger B. Kennedy of Orlando is building a $13-million student housing facility at the University of Georgia in Athens.

Nonresidential contracts tallied approximately $365.7 million during October, or 50% lower than the same period of a year ago. The nonbuilding category—which includes infrastructure and energy projects—added just $98.4 million in new contracts during the month, a 94% decline compared to the previous October.

On a year-to-date basis, McGraw-Hill estimates Georgia’s overall contracts total at nearly $18 billion, or 68% higher than 2011’s pace.

That overall increase is due mostly to McGraw-Hill’s reporting of contracts at Southern Company’s Plant Vogtle nuclear power plant project during 2012. The Vogtle project has likewise boosted Georgia’s nonbuilding category, which stands at more than $9.9 billion through October.

The residential category is also positive on a year-to-date basis, with its 2012 total estimated at nearly $3.9 billion in new contracts, or 24% better than 2011’s pace. The nonresidential category is estimated at $4.1 billion through October, or 13% behind the same period for 2011.

Click here to read about the Southeast construction industry's prospects for 2013.

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Scoot-judy

Scott Judy is Deputy Editor for Regions, and editor of ENR Southeast, one of Engineering News-Record's 10 Regional publications. His roughly 27 years as a construction journalist began with an 11-year stint covering Midwest construction projects. In 2000, Judy helped launch the publication now known as ENR Southeast. He often delves into controversial aspects of the construction industry such as bankruptcies and fatal accidents, and wishes he would never have to cover another accident but suspects that he might.

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