Construction Contracts Total $742 Million for '90
Hartley, Tim, THE JOURNAL RECORD
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 …
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Publication information: Article title: Construction Contracts Total $742 Million for '90. Contributors: Hartley, Tim - Author. Newspaper title: THE JOURNAL RECORD. Publication date: January 25, 1991. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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