Cost Pool - Definition

A logical grouping of Resources or Activities aggregated to simplify the Assignment of resources to activities or activities to cost objects. Elements within a group may be aggregated or disaggregated depending on the informational and accuracy requirements of the use of the data. A modifier may be appended to further describe the group of costs. While the exact construction cost pools differs, most companies choose to form numerical based sequences that can then be allocated to the desired project. More frequently, a single cost pool will have up to ten digits in the sequence, with certain groups of those digits used to relate back to the project.

Terms near "Cost Pool"

Counter currency
Country Risk
Cover on a bounce
Cover on Approach
Covered Call
Crawling Peg
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