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TUESDAY, NOVEMBER 3, 1992
COMMERCIAL BUILDING PROJECTS CONTINUED TO FORM THE SECOND LARGEST CATEGORY OF CONSTRUCTION SITE WORK. THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED IN SUCH PROJECTS TOTALLED $2 BILLION
SECOND QUARTER OF 1992, BEING 6.4% AND 12.6% LOWER THAN IN SAME QUARTER OF LAST YEAR AND THE PRECEDING QUARTER RESPECTIVELY.
THE
IN
THE
THE DECREASE WAS PARTLY ATTRIBUTABLE TO A DROP IN THE VALUE OF CONSTRUCTION WORK RELATED TO HOTELS.
TRANSPORT PROJECTS CONSTITUTED THE THIRD LARGEST CATEGORY OF CONSTRUCTION SITE WORK. THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED IN SUCH PROJECTS WAS $1.4 BILLION IN THE SECOND QUARTER OF 1992, WHICH WAS 9% LOWER THAN IN THE SAME QUARTER OF LAST YEAR BUT
1.5% HIGHER THAN THE PRECEDING QUARTER.
INCREASE IS EXPECTED IN THE COMING QUARTERS AS A NUMBER OF TRANSPORT PROJECTS RELATING TO THE NEW AIRPORT STARTED IN THE SECOND QUARTER OF 1992.
OWING TO THE WIDESPREAD SUB-CONTRACTING PRACTICES IN THE CONSTRUCTION INDUSTRY, A CONSTRUCTION ESTABLISHMENT CAN BE A MAIN CONTRACTOR FOR ONE CONTRACT AND A SUB-CONTRACTOR FOR ANOTHER CONTRACT AT THE SAME TIME.
THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS, INCLUDING BOTH GENERAL AND SPECIAL TRADE CONTRACTORS, COVERS ONLY THOSE PROJECTS IN WHICH THE CONSTRUCTION ESTABLISHMENT TAKES THE ROLE OF A MAIN CONTRACTOR, BUT NOT PROJECTS IN WHICH IT TAKES ONLY THE ROLE OF A SUB-CONTRACTOR.
HOWEVER, SUB-CONTRACTORS' CONTRIBUTION TO PROJECTS SHOULD HAVE BEEN INCLUDED IN THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY THE MAIN CONTRACTORS FOR WHOM THEY WORKED.
THE
MORR DETAILED STATISTICS ON CONSTRUCTION OUTPUT ARE GIVEN IN "REPORT ON THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT, 2ND QUARTER 1992".
THE REPORT IS NOW ON SALE AT $4 A COPY AT THE GOVERNMENT PUBLICATIONS SALES CENTRE, GROUND FLOOR, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, OR AT THE CENSUS AND STATISTICS DEPARTMENT PUBLICATIONS CENTRE, WANCHAI TOWER I, 19TH FLOOR., 12 HARBOUR ROAD, WAN CHAI. REGULAR SUBSCRIPTION MAY ALSO BE ARRANGED.
ENQUIRIES ABOUT THE SURVEY MAY BE DIRECTED TO THE BUILDING, CONSTRUCTION AND REAL ESTATE STATISTICS SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL 839 3265.
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