FBoS Release No: 18, 2016
1st April 2016
The Quarterly Construction Survey covers work carried out by registered Private Building and Civil Works Contractors for both the private and the General Government.
December Quarter and Annual 2015
December Quarter 2015
An estimated $122.1 million worth of construction work was put in place during the December quarter of 2015. The amount is $3.9 million or 3.3 per cent higher than the September quarter of 2015 and is $16.0 million or 15.1 per cent higher than the December quarter of 2014.
The value of work carried out for the Private Sector was $67.7 million with the remaining $54.4 million for the General Government.
Further details are provided below.
NEW BUILDINGS AND CAPITAL REPAIRS
The value of work put-in-place for New Buildings and Capital Repairs was $54.3 million, an increase of $4.4 million or 8.7 per cent compared to the September quarter of 2015 and a $17.9 million or 49.3 per cent increase over the December quarter of 2014. The value of work- put- in- place for Non-Residential Buildings and Residential Buildings were $46.9 million and $7.4 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, 95.0 per cent of the value of work done was for the Private Sector and 5.0 per cent for the General Government. From the total estimated value of work put-in-place of $8.3 million, 7.8 per cent were for Residential Buildings and 92.2 per cent were for Non-Residential Buildings.
CIVIL ENGINEERING WORKS
For Civil Engineering Works, 18.6 per cent of the value of work done was for the Private Sector and 81.4 per cent for the General Government. From the total estimated value of work put-in-place of $59.6 million, 22.1 per cent were for earthmoving works, 75.3 per cent were for work on roads and bridges and 2.6 per cent were for other types of work.
The estimated total value of work put-in-place for 2015 was $466.7 million, an increase of
$51.4 million or 12.4 per cent when compared to the previous year.
The increase for 2015 is due to construction work on Commercial buildings, Hotels and civil engineering works carried out for repair and upgrading of roads around the country.
Current Repairs and Maintenance decreased by $3.5 million or 8.5 per cent while Civil Engineering work increased by $13.6 million or 6.1 per cent when compared to the previous year.
Construction work done for the private sector increased by $22.6 million or 9.3 per cent while an increase of $28.8 million or 16.7 per cent was recorded for General Government work.
Construction Survey for March quarter of 2016 will be released in June 2016.