Untangling the different construction measures
The value of Work Done (also known as value Put-In-Place) is the total money paid to construction companies for activity they have undertaken. This is the key indicator used in Oxford Economics’ Construction Services. It most closely relates to construction businesses’ turnover, and as such cleanly maps into budgeting/planning exercises. Furthermore, for businesses involved in the sector’s supply chain, they can easily identify when and where construction firms will need their inputs.
You will learn the difference between the value of Work Done and Construction Gloss Value Added (GVA):
- The value of Work Done (also known as value Put-In-Place) is the total money paid to construction companies for activity they have undertaken. This is the key indicator used in Oxford Economics’ Construction Services.
- Construction Gloss Value Added (GVA) is the contribution of the construction sector to national GDP.
- Briefings of the backgrounds of both measures
Tags:
Related Services

Post
Why tariffs won’t strangle Eurozone consumer spending
We think the damage from US tariffs on Eurozone consumer spending will be relatively mild. This is crucial for the Eurozone economic outlook, as the gradual rebound in private consumption is the only growth engine at present.
Find Out More
Post
Eurozone’s bund yields and the term premium to remain elevated
We expect 10-year bund yields to increase towards 2.8% by late 2026, as the term premium remains around 1.1% and the risk-neutral yield climbs above 1.7% over the next few quarters.
Find Out More