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VALUE OF WORK PUT IN PLACE (CONSTRUCTION)

Statistics Directorate    
Definition:
The value of work put in place is the value of work carried out on projects completed during the inquiry period, plus the value of work under construction at the end of the inquiry period minus the value at the beginning of the period. It includes construction work done as a main contractor and on own-account, plus work done as a subcontractor (minus the payments to sub- contractors for work done).

Source Publication:
Bulletin of Housing and Building Statistics for Europe and North America, UNECE, Geneva, 2000, Annex II, Definitions and General Terms, page 84.

Cross References:
Work completed (construction)

Statistical Theme: Industry and services statistics

Created on Tuesday, September 25, 2001

Last updated on Monday, November 19, 2001