COST CEILING Definition

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COST CEILING, in project management, is the sum of the Project Cost Target plus the projects Contingencies cost allowances.

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FASTBAC is First Automotive Short-Term Bonds and Certificates; asset-backed securities supported by automo­tive loan contracts.

PROJECTION is an approximation of future events. Usually a projection is made by extrapolating known information into the future period, considering events that could affect the outcome. See FORECAST, BUDGET.

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