Estimated final cost
A projection of the cost to complete a construction project that is developed from a project's anticipated costs.
Estimated final cost represents the projected total expenditure of a project upon completion, including all known costs and any anticipated adjustments. It helps stakeholders understand the financial status and manage any remaining budgetary constraints effectively.
Used in a sentence
The estimated final cost includes all known expenses and adjustments to date.
Synonyms/variation
EFC
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