5.13
•
As the increased building and construction activity
in the private sector was largely offset by the reduce activity in the public sector, the increase in building and
(13) construction costs remained moderate
The moderate
increase in construction wage rates, by 6% in money terms in the second quarter of 1986 over the same quarter last year, and the relatively soft prices of construction materials such
(14) and steel reinforcing
also
As a result, the Labour and Material Cost Index
prepared by the Architectural Office recorded a moderate year-on-year increase of 5.3% in the second quarter of 1986.
as
cement
contributed.
bars
/However
(13) Cost and tender price indices
indices for the building and construction
industry :
Tender Price Index*
Labour and Material Cost Index (Feb 1970-100)
Public sector
building
Public hous-
projects
ing projects
(Jan-Mar 70=100)
(Jan 70-100)
1985 Q1
Q2
1986 Q1 Q2
ãããã ãã
472
(2.4)
326
(-0.6)
233
(-10.7)
477
(4.4)
335
(0.9)
248
(-7.5)
Q3
479
(4.2)
344
(6.5)
255
(0.8)
Q4
483
(3.3)
351
(4.2)
265
(8.2)
494
(4.7)
376
(15.3)
271
(16.3)
502
(5.3)
392
(17.0)
277 (11.7)
Notes % change on the same period of preceding year.
*
The Tender Price Index for public sector building projects is compiled by the Architectural Office, and the Tender Price Index for public housing projects is compiled by the Housing Department.
(14) Percentage changes in the prices of selected building materials :
Sep 86/ Sep 85.
Sep 86/ Aug 86
(8)
(*)
Mild steel round bar Mild steel round bar Mild steel round bar
-
40mm dia) (6mm (20mm & above) (16mm & below)
-0.7
-0.4
-0.4
-.0.3
0.0
-0.5
High tensile steel bar (10mm 40mm dia) Portland cement (ordinary)
—
-1.2
-0.5
9.7
0.8
50