But that increase, although on the face of it quite startling, is more reflective of the current slump that the industry is going through.
Although private and public sector workflow is forecast to increase from £76m this year to £106m in 2004, that is still £18m below 2002’s £124m figure.
Workflow this year is over 50 per cent down on 2002.
he increase in total project value predicted in 2004 is revealed in figures released this week by the Economic Development Committee.
They show that money spent on public sector projects is expected to rise from £26m this year to £45m next year, with both States residential and educational projects seeing significant increases in workflow.
In the private sector, workflow will increase from £50m to £61m with commercial development rising by £19.
However, the value of private sector residential development is actually expected to fall by £7m next year.
But despite some optimism for next year, the industry is still finding it tough.
At the moment, there is simply not enough work around and people are being laid off,’ said Mark Palfrey, president of the Jersey Building and Allied Trades Employers’ Federation.