XN000022-1993-07-20 — Page 10

TUESDAY, JULY 20, 1993

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

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY SPECIAL TRADE CONTRACTORS AT LOCATIONS OTHER THAN CONSTRUCTION SITES, COMPRISING MAINLY ELECTRICAL AND MECHANICAL FITTING WORKS, TOTALLED $1.5 BILLION.

27.8% HIGHER THAN IN THE FIRST QUARTER OF 1992 BUT IN THE FOURTH QUARTER OF 1992.

THIS WAS

1.7% LOWER THAN

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 AT CONSTRUCTION SITES, AMOUNTING TO $4.8 BILLION.

THE VALUE, HOWEVER, DECREASED BY 1.5% AND 8.3% RESPECTIVELY COMPARED WITH THE FIRST QUARTER OF 1992 AND THE FOURTH QUARTER OF

1992.

TRANSPORT PROJECTS CONTINUED ΤΟ FORM THE SECOND LARGEST CATEGORY OF CONSTRUCTION SITE WORK. THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED FOR SUCH PROJECTS WAS $2.4 BILLION. THIS WAS 75.7% AND 7.0% HIGHER THAN IN THE FIRST QUARTER OF 1992 AND THE FOURTH QUARTER OF 1992 RESPECTIVELY.

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

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

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED FOR SUCH PROJECTS TOTALLED $1.7 BILLION, WHICH WAS 25.6% AND 9.3% LOWER THAN IN THE FIRST QUARTER OF 1992 AND THE FOURTH QUARTER OF 1992 RESPECTIVELY.

OWING ΤΟ THE WIDESPREAD SUB-CONTRACTING PRACTICES IN THE CONSTRUCTION INDUSTRY, A CONSTRUCTION ESTABLISHMENT CAN BB 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.

MORE DETAILED STATISTICS ON CONSTRUCTION OUTPUT ARE GIVEN IN THE "REPORT ON THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT, 1ST

QUARTER 1993".

/THE REPORT

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