Word
costing
Phoneticscost·ing
US/ˈkɔstɪŋ/
UK/kˈɒstɪŋ/
Definition
n. the act of calculating how much a business project or product will cost to make or do.
n. the systematic estimation of the total cost of a process, project, or product. Often used in the plural in business contexts.
Examples
“We need a full costing before we can approve the new office design.”
“The finance department rejected the proposal because the initial costing failed to account for rising fuel prices.”
“A detailed costing of the infrastructure project revealed that labor expenses would likely exceed the original budget by fifteen percent due to specialized skill requirements.”
Examples
simple
“We need a full costing before we can approve the new office design.”
contextual
“The finance department rejected the proposal because the initial costing failed to account for rising fuel prices.”
complex
“A detailed costing of the infrastructure project revealed that labor expenses would likely exceed the original budget by fifteen percent due to specialized skill requirements.”
Usage
Often used as a countable noun in British English ('the costings'), but frequently uncountable in American English.
Real-World Examples
“New research suggests staying put is costing British savers billions in missed interest every year.” “A centuries-old heart drug costing less than ten cents a day could help keep heart-failure patients out of the hospital.” “But the success of the scheme has also been its undoing – it's growing rapidly and costing the government too much.” Synonyms
Scan code
englishreference.com/q/costing