***
**Economic size**
{% columns %}
{% column width="83.33333333333334%" %}
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{% column width="16.666666666666657%" %}
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## Assessment Instructions
Intent: What is the purpose of this indicator?
Establish the economic size and number of Full Time Equivalent (FTE) workers of the entity. GAV and revenue information are used (as denominators) to calculate intensity performance metrics.
Input: How do I complete this indicator?
**GAV and revenue:** Provide the entity’s GAV and revenue, both in millions (e.g. €75,000,000 must be reported as 75). GAV should be provided as at the end of the reporting year, and should include development and construction projects (if any). Revenue should be for the reporting year as stated in EC4.
It is mandatory to provide both the GAV and revenue. Estimates are acceptable (for example, annual operating costs may be used instead of revenue). Like all information provided to GRESB, this information will be kept confidential and is only shared with investors to whom you have granted permission. The information provided will be used to calculate intensities for certain indicators.
Do not include a currency, as this has been reported in indicator RC1 above, but make sure the currency applied is consistent with indicator RC1.
**Workers:** Provide the number of full time equivalent (FTE) workers of the asset, split into employees and contractors (note this input is optional). Entities should determine whether workers classify as employees or contractors; as approaches may differ by locality or jurisdiction, GRESB purposefully leaves the exact distinction up to the asset. In general, though:
* Employees are the workers working for and employed directly by the asset
* Contractors are people working for another business (or are self-employed) and are contracted by the asset
**Current year data:** Refers to the data for the reporting period.
**Previous year data:** Refers to the data for the previous year period.
### Terminology
**Contractor**
> Someone working for a business contracted by the asset to perform a service or other works at or for the asset.
**Employee**
> Someone who works directly for the asset and receives compensation in the form of an hourly wage or annual salary for their work. This can be both onsite or offsite (such as in an administration office). Employers typically have to pay specific benefits such as contributions to pensions or taxes for employees. Employees may be either full time or part time and may operate on a short term contract.
**FTE**
> Full Time Equivalent, a unit to measure the number of employed persons to make them comparable regardless of the number of working hours. FTE can be calculated by comparing the number of hours worked by an employee against the average number of hours of a full time worker. For example, if the number of hours worked by an employee in a week is 20, and the standard full time work week consists of 40 hours, the employee is counted as 0.5 FTE.
**Gross asset value (GAV)**
> The gross infrastructure value owned by the entity being the enterprise value associated with the infrastructure asset. Use of the 'tangible fixed assets' or 'property, plant and equipment' value may be a suitable estimate if enterprise value is not known.
**Revenue**
> The annual income generated by the entity in exchange for providing the asset service.
**Worker**
> Someone who is either an employee or a contractor, that is, workers include both employees and contractors, and the number of workers is the sum of employees plus contractors.
***
## References
References
[https://ec.europa.eu/eurostat/statistics-explained/index.php/Glossary:Full-time\_equivalent\_(FTE)]()[\
https://www.irs.gov/newsroom/understanding-employee-vs-contractor-designation\
https://business.gov.au/People/Contractors/Employee-or-contractor]()
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