Cost Analysis definition

Cost Analysis means the evaluation of cost data for the purpose of arriving at estimates of costs to be incurred, prices to be paid, costs to be reimbursed, or costs actually incurred.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Cost Analysis means a detailed description of the costs, or pro-

Cost Analysis means the evaluation of cost data.

Examples of Cost Analysis in a sentence

• Life Cycle Cost Analysis shall include, but is not limited to: Initial cost of system; Energy consumption costs, based on the energy analysis prepared by the Architect; Maintenance and custodial costs; Life expectancy (may require life expectancy of subsystems) Replacement costs (if applicable) Total cost of ownership over twenty-five (25) years.

• In preparing all Statements of Probable Construction Cost, the Design Professional should consider, as a general reference, the information and matters required in ASTM Standard Practice E 1804-02, “Performing and Reporting Cost Analysis During the Design Phase of the Project,” August 2002.

• A Statement of Probable Construction Cost for each Design Order shall include the information and matters required in ASTM Standard Practice E 1804-02, “Performing and Reporting Cost Analysis During the Design Phase of the Project,” August 2007, and shall be submitted with the Construction Documents.

• Provide an updated Project timetable to include start and completion dates for each of the following key events: 1) Schematic Design and Operational Program Statement; 2) Design Development with Staffing Plan; 3) Staffing/Operating Cost Analysis; 4) Construction Documents; 5) Construction Bids; 6) Notice to Proceed; 7) Construction; and 8) Occupancy.

• Providing services for Life Cycle Cost Analysis and site utilities services related thereto.

More Definitions of Cost Analysis

Cost Analysis means the evaluation of cost data and profit for the purpose of arriving at costs actually incurred by a contractor, estimates of costs to be incurred by a contractor and a profit to be allowed to a contractor.

Cost Analysis. A process in which a BIM model can offer a preliminary analysis of the costs of constructing a Project during the design process and provide cost effects of additions and modifications with potential to save time and avoid budget overruns. The accumulation, examination, and manipulation of cost data for comparisons and projections.

Cost Analysis means factual information concerning the cost of labor, material, overhead and other cost elements that are expected to be incurred by a contractor or which have been actually incurred by a contractor in performing the contract.

Cost Analysis means a detailed description of the costs, or pro-rata share of costs, of the following:

Cost Analysis as it relates to EPP, means comparative pricing utilizing Life Cycle Analysis (LCA) and/or Total Cost of Ownership (TCO). See also the definitions for these assessment types, (20 and 36).

Cost Analysis means the review and evaluation of the separate cost elements and proposed profit of an offeror’s or contractor’s cost or pricing data which is part of the proposal. Cost or pricing data is not required when adequate price competition is determined to exist in a particular procurement, nor should a detailed profit analysis be conducted (utilizing DD Form 1547); however, a cost or pricing realism analysis may be required. The goal is to evaluate the degree to which the proposed costs represent what the cost of the contract should be, assuming reasonable economy and efficiency.

Cost Analysis means the review and evaluation of each element of subagreement cost to determine reasonableness, allocability and allowability.