The building and construction industry in Western Australia is set to see a significant period of decline as the boom in resource sector investment draws to a close.

In its latest forecast, Australian Construction Industry Forum (ACIF) says that after surging from $22.780 billion in 2005/06 to a peak of $54.968 billion last financial year, the annual value of work done on building and engineering sector construction projects throughout the state is set to contract by 8.2 per…