📋 Tender Overview
The total gross value of construction works GVCW performed by main contractors in the first quarter of 2025 increased by 19 in nominal terms over a year earlier to 705 billion according to the provisional results of the Quarterly Survey of Construction Output released today June 10 by the Census and Statistics Department CSD
After discounting the effect of price changes the provisional results showed that the total GVCW performed by main contractors slightly decreased by 09 in real terms over the same period GVCW in real terms is derived by deflating the corresponding nominal value with an appropriate price index to the price level in the base period of 2000
Analysed by type of construction works the GVCW performed at private sector sites totalled 194 billion in the first quarter of 2025 down by 107 in nominal terms over a year earlier In real terms it decreased by 127 The GVCW performed at public sector sites increased by 174 in nominal terms over a year earlier to 305 billion in the first quarter of 2025 In real terms it increased by 138
The GVCW performed by main contractors at locations other than construction sites amounted to 206 billion in the first quarter of 2025 down by 39 in nominal terms compared with a year earlier In real terms it decreased by 57 Construction works at locations other than construction sites included minor new construction activities and decoration repair and maintenance for buildings and electrical equipment installation and maintenance works at locations other than construction sites
Analysed by major enduse group the GVCW performed at construction sites in respect of residential buildings projects amounted to 209 billion in the first quarter of 2025 up by 50 in nominal terms over a year earlier Over the same period the GVCW performed at construction sites in respect of transport projects down by 194 in nominal terms to 88 billion in the first quarter of 2025
On a seasonally adjusted quartertoquarter basis the GVCW performed by main contractors slightly increased by 01 in nominal terms but decreased by 10 in real terms in the first quarter of 2025 compared with the fourth quarter of 2024
Table 1 shows the provisional figures on the GVCW performed by main contractors in the first quarter of 2025 Tables 2 and 3 show the revised figures for the whole year of 2024 and the fourth quarter of 2024 respectively
Owing to the widespread subcontracting practices in the construction industry a construction establishment can be a main contractor for one contract and a subcontractor for another contract at the same time The GVCW performed by main 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 subcontractor However subcontractors contribution to projects should have been included in the GVCW performed by main contractors for whom they worked
The classification of construction establishments follows the Hong Kong Standard Industrial Classification Version 20 which is used in various economic surveys for classifying economic units into different industry classes
More detailed statistics are given in the Report on the Quarterly Survey of Construction Output Users can browse and download this publication at the website of the CSD
For enquiries about the survey results please contact the Construction and Miscellaneous Services Statistics Section of the CSD Tel 3903 6965 email
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