3
TUESDAY, JULY 30, 1991
COMPARED WITH THE FOURTH QUARTER OF 1990, IT DECREASED BY 7.4%, NUMBER OF LARGE ΤΟ ATTRIBUTABLE
THE COMPLETION OF A MAINLY CONSTRUCTION PROJECTS IN THE FIRST QUARTER OF 1991.
SPECIAL TRADE
IN ENGAGED
NEW
SPECIAL TRADE
MAIN CONTRACTORS MAY BE GENERAL CONTRACTORS OR
ARE CONTRACTORS.
GENERAL CONTRACTORS WHEREAS CONSTRUCTION WORK AND RENOVATION AND MAINTENANCE CONTRACTORS ARE ENGAGED IN SPECIALISED JOB AREAS SUCH AS SCAFFOLDING, CARPENTRY, PLUMBING AND GAS WORK.
CONCRETING,
OF THE
A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT PART INCREASE OF 13.5% IN THE GROSS VALUE OF CONSTRUCTION WORK IN THE FIRST THE QUARTER OF 1991 OVER THE SAME PERIOD IN 1990 WAS ATTRIBUTABLE TO INCREASE IN CONSTRUCTION COSTS.
AFTER DISCOUNTING THE COST INCREASES, THE REAL GROWTH VOLUME OF CONSTRUCTION WORK PERFORMED SHOULD BE SLOWER.
IN THE
THE INDEX OF GROSS VALUR OF CONSTRUCTION WORK PERFORMED BY MAIN
WAS 1991
237.6, WITH THE CONTRACTORS FOR
FIRST QUARTER OF THE QUARTERLY AVERAGE FOR 1982 BEING TAKEN AS 100.
THE CORRESPONDING INDEXES FOR THE FOURTH QUARTER OF THE FIRST QUARTER OF 1990 WERE 256.5 AND 209.4 RESPECTIVELY.
1990
AND
PERFORMED BY
MILLION THIS WAS
MAIN
WAS
5.4%
OF THE GROSS VALUE OF CONSTRUCTION WORK
OF 1991, $14,597 FIRST QUARTER IN THE CONTRACTORS ATTRIBUTABLE TO WORK PERFORMED BY GENERAL CONTRACTORS. LOWER THAN IN THE PRECEDING QUARTER BUT 14.1% HIGHER THAN IN THE FIRST QUARTER OF 1990.
OTHER
HAND,
THE GROSS VALUE
WORK
ON THE
OF CONSTRUCTION
WHICH WAS PERFORMED BY SPECIAL TRADE CONTRACTORS WAS $1,057 MILLION,
THE 28.0% LOWER THAN IN THE PRECEDING QUARTER BUT 5.5% HIGHER THAN IN FIRST QUARTER OF 1990.
BY GENERAL RELATED
OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED CONTRACTORS IN THE FIRST QUARTER OF 1991, $7,584 MILLION WAS
NEW CONSTRUCTION WORK AT PRIVATE SECTOR CONSTRUCTION SITES.
TO
THIS WAS 8.3% LOWER THAN IN THE PRECEDING QUARTER HIGHER THAN IN THE FIRST QUARTER OF 1990.
TRANSIT
BUT 19.8%
WORK AT SOME $3,895 MILLION WAS RELATED TO NEW CONSTRUCTION
MASS
RAILWAY GOVERNMENT, THE PUBLIC SECTOR (INCLUDING
KOWLOON-CANTON RAILWAY CORPORATION AND
CORPORATION) CONSTRUCTION
AN
OF 0.1% INCREASE REPRESENTING
WHEN COMPARED WITH THE SITES,
FIRST PRECEDING QUARTER BUT A DEURFASE OF 0.9% WIEN COMPARED WITH THE QUARTER OF 1990.
NEW CONSTRUCTION THE REMAINING $3,117 MILLION WAS RELATED TO
AND RENOVATION
MAINTENANCE. AT WORK AT MINOR WORK LOCATIONS, AND
IN THE ERECTED
THIS WAS 4.8% LOWER THAN BUILDINGS AND STRUCTURES. PRECEDING QUARTER BUT 23.1% HIGHER THAN IN THE FIRST QUARTER OF 1990.
/WHEN ANALYSED