CONSTRUCTION SURVEY - December & Annual 2014

FBoS Release No: 16, 2015                                                                          

20th   March 2015


 

The Quarterly Construction Survey covers work carried out by registered Private Building and Civil Works Contractors.

 

December Quarter and Annual 2014

 

December Quarter 2014

           

An estimated $106.1 million worth of construction work was put in place during the December quarter of 2014. The amount is $1.0 million or 1.0 per cent higher than the September quarter of 2014 and is $6.9 million or 6.9 per cent higher than the December quarter of 2013.

conDec14a 

 

The value of work carried out for the Private Sector was $62.2 million with the remaining $43.9 million for the General Government.

 

These are findings from the 2014 December Quarter survey covering enterprises engaged in construction work for both the Private Sector and the General Government. Further details follow.

 

NEW BUILDINGS AND CAPITAL REPAIRS

 

The value of work put-in-place for New Buildings and Capital Repairs was $36.4 million, an increase of $0.3 million or 0.9 per cent compared to the September quarter of 2014 and a $0.1 million or 0.2 per cent increase over the December quarter of 2013. The value of work- put- in- place for Non-Residential Buildings and Residential Buildings were $29.3 million and $7.0 million respectively. These were mainly for construction work on Commercial Buildings, Shops, Religious and Educational Institutions.

 

CURRENT REPAIRS AND MAINTENANCE

 

For Current Repairs and Maintenance, 92.3 per cent of the value of work done was for the Private Sector and 7.7 per cent for the General Government. From the total estimated value of work put-in-place of $12.9 million, 16.4 per cent were for Residential Buildings and 83.6 per cent were for Non-Residential Buildings.

 

CIVIL ENGINEERING WORKS

 

For Civil Engineering Works, 25.7 per cent of the value of work done was for the Private Sector and 74.3 per cent for the General Government. From the total estimated value of work put-in-place of $56.8 million, 27.6 per cent were for earthmoving works, 64.7 per cent were for work on roads and bridges and 7.7 per cent were for other types of work. 

 

Annual 2014

 

The estimated total value of work put-in-place for 2014 was $415.2 million, an increase of

$54.9 million or 15.2 per cent when compared to the previous year. 

conDec14b 

 

The increase for 2014 is mainly due to some ongoing and new projects and civil engineering works carried out for repair and upgrading of roads around the country.

 

Current Repairs and Maintenance increased by $2.6 million or 6.9 per cent while Civil Engineering work increased by $52.3 million or 30.3 per cent when compared to the previous year.

 

Construction work done for the private sector increased by $32.2 million or 15.3 per cent while an increase of $22.7 million or 15.2 per cent was recorded for General Government work.

 

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For further enquiries please contact Mr. Asaeli Rokovada on email or telephone 3315822 (386245) or Direct line 3230842.

 

Construction Survey for March quarter of 2015 will be released on 19th June 2015.