Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,162,320 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Estimated Cost of Construction in the USSR

    0.01 sec.
Estimated Cost of Construction in the USSR 

outlays for the construction (expansion, renovation) of an enterprise, facility, or building or of particular parts, sequential units, or new complexes. Computations of outlays are based on estimates compiled from drafts and approved in an established sequence.

The estimated cost of construction and installation operations includes direct outlays, overhead, and planned accumulations. Direct outlays include the basic wage of the workers; expenditures for materials and goods, including the cost for supplying them to the warehouses at construction sites; and expenditures for operating construction machinery and mechanical devices. Overhead costs include outlays for maintaining the production process and management. Planned accumulations include the standard profit of construction organizations.

The indicators of estimated construction costs are used extensively in planning capital investments and construction and installation work, in financing construction, and in profit-and-loss accounting in construction organizations. They are used for these purposes because there is a specific system of price formation in construction, owing to the technical and economic characteristics of the construction process and output, the most important of which are the diversity of output, its local allocation, and the extent to which production depends on local conditions. Under these conditions, the estimated cost, which is the price of construction output, is determined on the basis of estimated norms and estimated prices approved for particular operations, structural elements, and regions.

S. N. REININ



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?   Encyclopedia browser?   Full browser?
No references found
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.