comparison, these increases are
are probably still not sufficient
to make up for the significant decreases in the previous two
years.
5.19
sector
public
As the increased building activity
the private
was largely offset by the reduced activity in the
sector, the pressure on construction costs was not
strong. Construction wage rates (paragraph 4.13) and the prices of certain building and construction materials, such as
(15) teak, tiles and pipes
showed only moderate increases. As a result, the Labour and Material Cost Index prepared by the Architectural Office recorded a year-on-year increase of
5% in the first quarter of 1986. However, over the same period, the Tender Price Index for public building projects prepared by the Architectural Office and the Tender Price
Index for public housing projects prepared by the Housing
/Department
(15) Percentage
changes in the prices of selected building and
construction materials:
1986 Q1/
1985 Q1
(8%)
Teak
Mosaic tiles
Wall tiles
5.4
7.8
2.6
PVC pipes
2.6
Portland cement (ordinary)
-0.6
Mild steel round bar (20 mm & above)
-0.3
48