First cost

first cost

[¦fərst ′kȯst]
(industrial engineering)
The sum of the initial expenditures involved in capitalizing a property; includes items such as transportation, installation, preparation for service, as well as other related costs.

First cost

The sum of the initial expenditures involved in capitalizing a property or building a project; includes items such as transportation, installation, preparation for service, as well as other related costs. In the context of a building, first cost includes land acquisition costs in addition to the cost of construction.
References in classic literature ?
Louis; which, in consequence of the expenses and risks of a long land carriage, were furnished them at an immense advance on first cost.
He was to furnish vessels, goods, provisions, arms, ammunition, and all other requisites for the enterprise at first cost and charges, provided that they did not, at any time, involve an advance of more than four hundred thousand dollars.
He was to give me ten dollar an acre for the clearin’, and one dollar an acre over the first cost on the woodland, and we agreed to leave the buildin’s to men.
Another first cost such as information modeling, which utilizes computer-aided design to produce three-dimensional models of projects, allows owners and the design/build team to incorporate green elements at the start of the project.
The first cost included Marie-Pierre Flechais as a beautiful, but generally frightened, Ella; a cynical and charming Johan Kobborg as her faithless lover; and a cold and dull Caroline Cavallo as her triumphant rival.
SAN FRANCISCO -- CalCEF Innovations, the market strategy and public policy arm of the California Clean Energy Fund (CalCEF), today announced the release of the second whitepaper in its Energy Efficiency (EE) series: "Energy Efficiency Paying the Way: New Financing Solutions Remove First Cost Hurdles.
Open loop systems typically have the lowest first cost with standing column and closed loop wells being higher in cost.
The widespread notion that sustainable building practices have to be sacrificed to keep costs in check derives from the current market's practice to prioritize first cost over long-term savings.
Collectively, we can deliver significant savings on both first cost and life cycle cost to each customer.
The best thing the government can do is find the right kind of mix so the developers don't find the first cost prohibitive.
This option has low first cost but could face CFC shortage problems after CFC phaseout.
While vapor compression refrigeration has long been the favorite because it offers a low first cost and is compact, growing environmental concerns over depletion of the ozone layer and global warming are forcing the utilization and development of more environmentally safe cooling systems.

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