XN000022-1994-10-18 — Page 16

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TUESDAY, OCTOBER 18, 1994

COMMERCIAL BUILDING PROJECTS CONSTITUTED THE THIRD LARGEST CATEGORY OF CONSTRUCTION SITE WORK. THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED FOR THESE PROJECTS TOTALLED $2.2 BILLION, WHICH WAS 28.7% AND 15.1% HIGHER THAN IN THE SECOND QUARTER OF 1993 AND THE FIRST QUARTER OF 1994 RESPECTIVELY.

OWING ΤΟ 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 MAIN CONTRACTORS FOR WHOM THEY WORKED.

MORE DETAILED STATISTICS ON CONSTRUCTION OUTPUT ARE GIVEN IN THE "REPORT ON THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT, 2ND QUARTER 1994".

THE REPORT IS NOW ON SALE AT $8 A COPY AT THE GOVERNMENT PUBLICATIONS CENTRE, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, OR AT THE CENSUS AND STATISTICS DEPARTMENT PUBLICATIONS SECTION, WANCHAI TOWER, 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 TELEPHONE 839 3265.

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DSTI ATTENDS OECD HIGH-LEVEL INFORMAL MEETING

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THE DEPUTY SECRETARY FOR TRADE AND INDUSTRY, MRS REGINA IP, WILL ATTEND A HIGH-LEVEL INFORMAL MEETING BETWEEN THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD) AND THE DYNAMIC NON-MEMBER ECONOMIES (DNMES) IN TOKYO TOMORROW (WEDNESDAY) AND ON THURSDAY.

BY

THE TWO-DAY MEETING WILL BE ATTENDED COMMERCIAL OFFICIALS AND OTHER REPRESENTATIVES COUNTRIES AND THE DNMES.

SENIOR TRADE AND FROM OECD MEMBER

MRS IP WILL PARTICIPATE IN TWO DISCUSSION SESSIONS TOMORROW, FOCUSING ON THE FUTURE OF THE OECD'S INFORMAL DIALOGUE WITH THE DNMES.

ON THURSDAY, SHE WILL SPEAK AT A SYMPOSIUM COMMEMORATING THE 30TH ANNIVERSARY OF JAPAN'S ACCESSION TO THE OECD. THE SYMPOSIUM WILL TAKE AN OVERVIEW OF THE NEW WORLD ECONOMIC ORDER IN THE 21ST CENTURY AND MRS IP WILL BE PROVIDING THE ASIAN PRESPECTIVE ON THE ISSUE.

/THE INFORMAL