Cost Checks (or Cost Checking)
Cost checks, or cost checking, take place throughout the design stages and compare the current estimated cost of each part
Cost Code
A cost code is a numeric code that uniquely identifies a project, sub-project, group element, element, sub-element or component within
Cost Codification Framework
A cost codification framework is a numeric coding structure that can be used to uniquely identify projects, sub-projects, group elements,
Cost Control
Cost control is the process of planning, predicting and controlling the cost of a building project. It takes place throughout
Cost Exercises
Cost exercises are exercises used to develop the cost plan and to check that the specification for the building systems
Cost Limit (or Project Budget)
The cost limit, or project budget, is the maximum expenditure the client is prepared to make in relation to the
Cost of Quality
The cost of quality is the total amount spent on making sure that a completed project meets the required quality
Cost Overrun
A cost overrun in construction is a situation where the actual cost of a project exceeds the original estimate or
Cost Per Functional Unit (or Functional Unit Cost)
The cost per functional unit, or functional unit cost, is the unit rate that, when multiplied by the number of
Cost per m2 of Gross Internal Floor Area (cost/m2 of GIFA)
The cost per m² of gross internal floor area (GIFA) is the unit rate that, when multiplied by the GIFA,
