68.12Level 4
Development of building projects
Explanatory note
This class includes:
- development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale
- subdividing and improving of self-owned land for later sale
This class also includes:
- redevelopment of building projects for self-owned residential and non-residential buildings or civil engineering works to realise the building projects for later sale
This class excludes:
- construction of residential and non-residential buildings, see division 41
- complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities, see division 41
- painting and glazing activities as part of maintenance, see 43.34
- construction activities related to land improvement, see section F
- development of building projects for own operation, i.e. for renting out the space in these buildings, see 68.20
- architectural and engineering activities, see 71.1
- provision of architectural or engineering project management services for construction projects, see 71.1