Construction services

1) Construction abroad

From the point of view of foreign trade in services, construction abroad refers to short-term (recommendation under 12 months) construction or installation projects performed by enterprises resident in the compiling economy for non-resident economic units. Such projects may involve building, renovation, installation or demolition.

Construction abroad covers all services that form an integral part of construction contracts, including site preparation work, building construction, civil engineering, installation and assembly of machinery, finishing of building exteriors and surroundings, and other construction services such as renting services of construction or demolition equipment with operator.

Installation equipment used in installations is included in construction services.
The residency of an economic unit is not determined by its ownership but by the location of its centre of economic interest, i.e. the country where it operates permanently.

2) Construction in Finland

From the point of view of foreign trade in services, construction in Finland comprises short-term (recommendation under 12 months) construction and installation services provided to residents of the compiling economy by non-resident construction enterprises. Construction in Finland is conceptually identical to construction abroad.