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Construction Quantity Surveying - A Practical Guide For The Contractor's QS - 14
Construction Quantity Surveying - A Practical Guide For The Contractor's QS - 14
and 38% for repairs and maintenance. This impressive value represents an
increase of 17% over the previous decade, with the percentage split between
new and repair/maintenance works remaining constant. Industrial reports
indicate that the decade 2010–2019 will see growth, albeit to a lesser extent
than witnessed between 2000 and 2009.
The industry has over 300,000 firms employing in excess of 2 million people
in a multitude of roles, including suppliers, designers, contractors, manu-
facturers and those suppliers of goods and services that rely on the industry.
The industry is buoyant in terms of economic stability, and offers employment
that expands and contracts with the amount of spending by the private and
public sectors. In terms of Gross Value Added (GVA), which is the economic
measure of the total value of goods and services produced in the national
accounts, the industry contributes 7–9% annually and is indeed a giant in
terms of the contribution it makes to the national economy and workforce.