cost-benefit analysis
An analysis of a construction contract with the objective of identifying all the included costs and evaluating their benefits.
Glossary
Glossary
Glossary
cost consultant
A professional who, by training and experience, provides expert advice on construction costs.
Glossary
cost control
Management of a project to ensure that construction costs do not exceed the budgeted amount.
Glossary
cost of construction
The sum of all direct and indirect costs of construction; generally categorized as equipment costs, job overhead costs, operating overhead
Glossary
cost-plus-fee agreement
An agreement under which the contractor (in an owner-contractor agreement) or the architect (in an ownerarchitect agreement) is reimbursed for
Glossary
cost proposal
The response made by a contractor who is proposing anticipated changes in the cost of construction after the architect has