XN000022-1993-04-20 — Page 4

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TUESDAY, APRIL 20, 1993

NON-SITE

IN

THE GROSS VALUE OF

WORK PERFORMED BY GENERAL CONTRACTORS WAS $3.6 BILLION, WHICH WAS 27.9% AND 4.9% HIGHER THAN THE FOURTH QUARTER OF 1991 AND THE THIRD QUARTER OF 1992 RESPECTIVELY.

THE TYPES OF WORK PERFORMED INCLUDED MINOR NEW CONSTRUCTION AND RENOVATION WORKS AT ERECTED BUILDINGS AND STRUCTURES.

THE GROSS VALUE OF NON-SITE WORK PERFORMED BY SPECIAL TRADE CONTRACTORS, COMPRISING MAINLY ELECTRICAL AND MECHANICAL FITTING WORKS, TOTALLED $1.5 BILLION.

THIS WAS 23.6% AND 12.6% HIGHER THAN IN THE FOURTH QUARTER

1991 AND THE THIRD QUARTER OF 1992 RESPECTIVELY.

OF

ANALYSED BY END-USE, RESIDENTIAL BUILDING PROJECTS (INCLUDING COMBINED RESIDENTIAL/NON-RESIDENTIAL BUILDINGS) CONTINUED TO ACCOUNT FOR THE GREATEST PORTION OF THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED ON BOTH PRIVATE AND PUBLIC SITES.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED IN THESE PROJECTS WAS $5.3 BILLION, REPRESENTING AN INCREASE OF 3.3% AND 3.5% WHEN COMPARED WITH THE FOURTH QUARTER OF 1991 AND THE THIRD QUARTER OF 1992 RESPECTIVELY.

TRANSPORT PROJECTS REPLACED COMMERCIAL BUILDING PROJECTS IN THE FOURTH QUARTER OF 1992 AS THE SECOND LARGEST CATEGORY OF CONSTRUCTION SITE WORK.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED IN SUCH PROJECTS WAS $2.2 BILLION.

THIS WAS 67.3% AND 41.6% HIGHER THAN IN THE FOURTH QUARTER 1991 AND THE THIRD QUARTER OF 1992 RESPECTIVELY.

OF

THE LARGE INCREASE WAS MAINLY ATTRIBUTABLE TO A NUMBER OF MAJOR INFRASTRUCTURE PROJECTS.

COMMERCIAL BUILDING PROJECTS BECAME THE THIRD LARGEST CATEGORY OF CONSTRUCTION SITE WORK.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED IN SUCH PROJECTS TOTALLED $1.9 BILLION, WHICH WAS 29.5% LOWER THAN IN THE FOURTH QUARTER OF 1991 BUT 20.4% HIGHER THAN IN THE THIRD 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