Construction Contracts Total $742 Million for '90

Article excerpt

The value of construction contracts in central Oklahoma in 1990 was $742 million, up 1 percent from $734 million in 1989, according to the F.W. Dodge Local Construction Potentials Bulletin.

It was the highest yearly total since $825 million in construction contracts was reported in 1986.

Across Oklahoma, construction contracts topped $2 billion for the first time since 1987. The statewide total was $2.1 billion in 1990, up 10 percent from $1.9 billion in 1989.

In December, construction contracts in central Oklahoma totaled $50.96 million, up 32 percent compared to $38.5 million in December 1989.

The December 1990 figure represented a 57 percent jump from $32.5 million in November, the lowest monthly total on record dating back to January 1980.

Statewide, the value of construction contracts awarded in December was $112 million, up 3 percent from $109 million in December 1989.

In the 10-county central Oklahoma region, residential construction in 1990 totaled $251 million, off 2 percent from $257 million in 1989. In December, residential construction in central Oklahoma totaled $16.1 million, up 23 percent from $13.5 million in December 1989.

Roads, bridges, utilities and other non-building construction was the brightest spot in central Oklahoma in 1990, up 42 percent to $179 million from $126 million in 1989. In December, however, non-building construction contracts in central Oklahoma totaled $1.8 million, down from $13.6 million in December 1989.

Commercial buildings, hospitals, government buildings and other non-residential construction in 1990 totaled $311 million in central Oklahoma, down 11 percent from $350 million in 1989. …