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.

单词	first cost
释义	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.
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