Construction cost

construction cost

[kən′strək·shən ‚kȯst]
(industrial engineering)
The total costs, direct and indirect, associated with transforming a design plan for material and equipment into a project ready for operation.

Construction cost

The cost of all of the construction portions of a project, generally based upon the sum of the construction contracts and other direct construction costs. Not included is compensation for professional services, land, rights of way, or other costs, specified as the responsibility of the owner outlined in the contract.

construction cost

The cost of all the construction portions of a project, generally based upon the sum of the construction contract(s) and other direct construction costs; does not include the compensation paid to the architect and consultants, the cost of the land, right-of-way, or other costs which are defined in the contract documents as being the responsibility of the owner.
References in periodicals archive ?
Increase in Construction Cost Index (CCI) The overall Construction Cost Index (CCI) reached 113.
The Palestinian Central Bureau of Statistics (PCBS) said, today, that the Construction Cost Index (CCI) Decreased by 0.
An excise tax and import duty on all products raises what would be an abnormally low total construction cost to one that is just at or below U.
Unfortunately, some in the industry have been making a serious effort to decrease "Green Premium Costs" in an attempt to mitigate the recent construction cost increases.
Capital projects, other than schools, with an estimated construction cost of more than $12,000,000 but less than $30,000,000 must be designed and constructed so as to reduce energy cost by a minimum of twenty percent.
The later in the design process Green practices and goals are initiated, the larger the percentage of the total construction cost the initiatives will require, since each change made because of a new idea or goal typically changes multiple systems within the building.
has over 35 years of construction cost consulting experience and is responsible for managing the business and affairs of the corporation as well as the managerial operations of the firm, including financial decisions, contract negotiations, job proposals, marketing and sales, and general production.

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