... the year of low output of construction (Patricia, 1988). According to Patricia M. Hillebrandt, the GDP of construction industry in 1981 is twelve times that of the ship-building and marine engineering industry and over twelve the size of the food, drink and tobacco industries. The construction industry narrowly defined has two and a half times the value of the output of agriculture, forestry and fishing. The Treasury has forecast 2.75 - 3.25% growths in GDP this year. The pattern of GDP growth is expected to be followed by increased demand for construction services. In 1999, GDP grew by 2.1% Construction output excluding infrastructure (at constant prices) grew by 1.1%, the lowest annual rate of growth for four years. However, the growth in new work output has been many sharpers. Construction Forecasting and Research predicts that total construction output will rise by 2.5% this year and by 2.1% in 2001. But ...

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