Value of construction work

{
  "id": "MLC-T-ECS-002081",
  "term": "Value of construction work",
  "field": "Economic statistics",
  "term_source": "Value of Construction Work",
  "definitions": [
    "Includes the receipts, billings, or sales for construction work done by building contractors, heavy and civil engineering construction contractors, and specialty trade contractors. Included are new construction, additions, alterations or reconstruction, and maintenance and repair construction work.",
    "($1,000) This item includes the receipts, billings, or sales for construction work done by building contractors, heavy and civil engineering construction contractors, and specialty trade contractors. Included are new construction, additions, alterations or reconstruction, and maintenance and repair construction work. Establishments engaged in the sale and installation of construction components such as plumbing, heating, and central air-conditioning supplies and equipment; lumber and building materials; paint, glass, and wallpaper; and electrical and wiring supplies, elevators, or escalators were instructed to include both the value for the installation and receipts covering the price of the items installed. Excluded are the cost of industrial and other special machinery and equipment that are not an integral part of a structure and receipts from business operations in foreign countries. The value of construction work is the percent of the construction work that was reported by firms on their sales, value of shipments, or revenue on projects owned by private businesses, individuals, state and local governments, federal government, and work performed for other contractors or builders. Any work on interstate highways, was reported as state-owned construction.\n\nTotal value of construction work owned projects are comprised of five types that were collected for the Construction industry:\n\n• Value of construction work on government owned projects ($1,000) - This is the total of all projects owned by federal, state, and local governments.\n\n• Value of construction work on federally owned projects ($1,000) - This is the value of construction work for projects owned by the federal government.\n\n• Value of construction work on state and locally owned projects ($1,000) - This is the summed total value of construction work for all projects owned by state and local governments.\n\n• Value of construction work on privately owned projects ($1,000) - This is the value of construction work for projects owned privately (excluding government owned projects).\n\n• Value of construction work subcontracted in from others ($1,000) - Includes the value of construction work done by reporting establishments as subcontractors to other contractors or builders. Establishments were asked to report the approximate percent of total value of construction work accounted for by such work, and the percentages reported were applied to the reported value of construction work to develop a dollar value.\n\nValue of non-construction activity:\n\n• Value of other business done ($1,000) - Includes the receipts for all other business activities done by an establishment in the current year. Includes business receipts not reported as value of construction work. This includes business receipts from retail and wholesale trade, rental of equipment without operator, manufacturing, transportation, legal services, insurance, finance, rental of property and other real estate operations, and other non-construction activities. Receipts for separately definable architectural and engineering work for others are also included here. Excluded are non-operating income such as interest, dividends, the sale of fixed assets, or receipts from other business operations in foreign countries.\n\nData are shown in thousands of dollars ($1,000)"
  ],
  "see_also": [
    "Value of Business Done (Construction)"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/value-of-construction-work/"
}