Analysed by end-use, transport projects, which covered airport construction projects, accounted for the largest portion of the gross value of construction work performed at construction sites. The gross value of construction work performed in these projects rose substantially by 33.4%.
Residential building projects (including commercial and residential composite buildings) was the second largest category of construction site work. The gross value of construction work performed in these projects rose slightly by 1.0%.
Commercial building projects continued to constitute the third largest category of construction site work. The gross value of construction work performed in these projects decreased by 2.4%.
Comparing the fourth quarter of 1995 with the fourth quarter of 1994, the gross value of construction work, in nominal terms, performed by main contractors increased by 17.8%. When measured at constant (1990) market prices, it represented an increase of 9.3%.
Compared with the third quarter of 1995, the gross value of construction work, in nominal terms, performed by main contractors in the fourth quarter rose by 12.5%. The corresponding increase measured at constant (1990) market prices was 10.5%, and bearing in mind that the comparison may be affected by seasonal fluctuations.
The gross values of construction work at constant (1990) market prices are derived by deflating the nominal values with appropriate price indices to the price level of 1990.
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 main contractors for whom they worked.
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