Value of construction work may decrease

CONSTRUCTION in the resources and infrastructure sectors was tipped to slow nearly 4% in 2012-13, an Australian Industry Group survey revealed on Tuesday.

The AIG-Australian Constructors Association outlook survey shows the future estimates for the nation's leading building companies.

It anticipates the total value of construction work nationally could slow from 14% to 10.3%, with a further fall to 8% in 2013-14.

The outlook shows the fall in activity will be led by a slump in apartment building, as well as major road and mining construction, while the outlook for oil and gas projects remained solid.

Sourcing skilled labour and capital were also creating troubles for the big construction companies, while the National Broadband Network was expected to hold up the telecommunications sector.

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