CUSTODIAN Definition

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CUSTODIAN is an entity entrusted with guarding and keeping property or records.

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

REAL, dependent upon usage, means either 1. in economics, refers to measures such as cost, price and income, which are corrected for inflation over time in order to permit a comparison of actual purchasing power; or, 2. actual cost, as opposed to nominal.

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