costing
n. C / U B2 Upper Intermediate US //ˈkɔstɪŋ// UK //kˈɒstɪŋ// cost·ing
n. the process of calculating how much a project, product, or service will cost to complete.
n. the estimation or calculation of the total expenses associated with a specific project or business activity.
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.
Usage
Often used in the plural ('costings') when referring to multiple sets of calculations or detailed reports.