Term:
Value of work put in place (construction)
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).

Domain:
Industry
Source:
OECD Glossary
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