Overhead
Indirect costs associated with running a construction project, including administration and utilities.
Overhead includes indirect costs associated with running a business, such as administrative expenses, utilities, and insurance. It is crucial for pricing, budgeting, and financial management, impacting project profitability and sustainability. Accurately estimating and managing overhead ensures competitive pricing, supports resource allocation, and maintains financial stability, enabling businesses to operate efficiently and deliver projects successfully.
Used in a sentence
Overhead expenses were accounted for in the project budget.
Synonyms/variation
Indirect Costs
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