Costs of Labour & Materials Used in Public Sector Construction Projects

Analysis, Slider 21 Nov 2014
Costs of Labour & Materials Used in Public Sector Construction Projects

Costs of Labour & Materials Used in Public Sector Construction Projects Jun 2013-Aug 2014.

The Cost of Labour Indices are compiled for working out the increase/decrease of payment to the main contractors of public sector construction projects to adjust for the change in costs.

The labour indices therefore cover public sector construction projects only and reflect the change in wage cost borne by main contractors of public sector construction projects.

Owing to the special arrangements widely adopted in the construction industry, the wage cost data probably also include elements like service charges and administration overheads borne to ensure that tasks are handled by the workers/companies with the appropriate skills. Hence, the labour indices may not reflect the wage received by workers in the construction industry.

Building, Construction and Real Estate Sectors

Screen Shot 2014-11-21 at 1.41.32 pm

Table 112 : Index Numbers of the Costs of Labour and Materials Used in Public Sector Construction Projects ( April 2003 = 100 ) – Costs of Labour Index

Source: C&SD

 

← Kai Tak transport plan good to go MTR preservation plan broached →

Comments are closed