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 had an idea that they might be much more cheaply supplied from the Pacific side.
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.
On March 8, 2018, the first COST CONNECT project organized outside Brussels was held at the Copernicus Science Center.
Table 1 shows typical VAV box connections to the duct main with first cost premiums, estimated pressure drop for the listed example, and recommended applications.
2), where [q.sub.i] is the total hourly heating load including household heating and domestic hot water heating, [c.sub.el,i] is the electricity cost per kWh, [e.sub.i] is the hourly electrical energy used by the system, [C.sub.syst] is the first cost of the system, a is the annuity factor, set to 5.7%, and s is the maintenance cost factor, set to 1%:
2), where [q.sub.i] is the total hourly heating load including household heating and domestic hot water heating, [c.sub.el,i] is the electricity cost per kWh, et is the hourly electrical energy used by the system, [C.sub.syst] is the first cost of the system, a is the annuity factor, set to 5.7%, and s is the maintenance cost factor, set to 1%:
"Older assumptions based on obsolete computer, copier, and printer heat gains can result in significantly oversized HVAC systems, producing higher first cost and operating cost," says Steven Bruning, Handbook subcommittee chair of Technical Committee 4.1, Load Calculation Data and Procedures.
Results from her 2009 study, "Demystifying First Cost Geen Building Premiums in Healthcare," however, show first cost premium variability to be 0 to 5 percent before financial incentives, such as utility rebates or foundation contributions were applied.
"We need to start taking a little different approach on designing buildings and not look so much at first cost versus lifestyle costs," he said.
They are from a 'First Cost Account' relating to new ship no.

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