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.