swi-exc-admin Dec 3, 2014
Checkout this article regarding a project we completed this summer. We completed the basement, water and sewer services for a single family residence. During the project, Denver Post columnist Aldo Svaldi stopped by to document new building contracts in the Denver Metro Area. Here’s the article featuring SWI Excavating.
Contracts for new residences and commercial buildings rose across the metro area in October, according to a report Monday from McGraw Hill Construction.
Contracts, a measure of future construction activity, were at $161.8 million for non-residential buildings in October. That compares with $98.4 million in October 2013 and $132.9 million this September.
Contracts for residential construction were $290.4 million in October, up from $193.3 million in October 2013 and $220.1 million in September.
Residential construction includes single-family homes, condos and apartments, while non-residential buildings include things like stores, warehouses, offices, manufacturing plants, religious facilities and public buildings.
With October’s increases, non-residential building contracts are down 3 percent year-to-date from 2013. Residential building contracts are running 9 percent higher than they were through the first 10 months of 2013.
The area studied included Adams, Arapahoe, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties.
The figures for metro Denver don’t include non-building construction contracts, which are primarily infrastructure projects like roads, rail lines, utilities and water treatment plants.
Through September, those contracts were down by more than half in Colorado, from about $1.6 billion this year vs. $3.3 billion in the same period in 2013.
Last year’s biggie was an $883 million contract for RTD’s Eagle P3 rail project to run commuter rail lines from Arvada all the way to Denver International Airport through Denver Union Station.
Xcel Energy also issued a $270 million design-build contract for its Cherokee Gas Fired Power Plant last year.
This year’s biggest project was RTD’s North Metro Rail Line, stretching from Denver Union station to 124th Avenue, worth $275 million.
Aldo Svaldi: 303-954-1410, asvaldi@denverpost.com or twitter.com/aldosvaldi
