COST-TO-COST METHOD Definition

Bookmark and Share

COST-TO-COST METHOD, in construction contracts, is an estimate of completion in which the state of completion is the ratio of costs incurred as of a given date divided by the estimated total project cost. See also PERCENTAGE OF COMPLETION METHOD OF ACCOUNTING.

Learn new Accounting Terms

STABLE UNIT OF VALUE see STABLE UNIT OF MEASURE.

COST EFFECTIVE is when a judgment is made that something is economical in terms of the goods or services received for the money spent.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.