Sunk cost in buildings - Revision history

Designing Buildings: moved Sunk cost to Sunk cost in buildings

2021-01-20T06:59:36Z

moved Sunk cost to Sunk cost in buildings

← Older revision

Revision as of 06:59, 20 January 2021

Designing Buildings at 06:59, 20 January 2021

2021-01-20T06:59:08Z

← Older revision		Revision as of 06:59, 20 January 2021
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	Sunk costs can pose an important dilemma for the funders of building projects, if for example, circumstances change part way through a project. They may then need to weigh up how much they have already spent, against the potential consequences of either proceeding (and potentially throwing good money after bad) or cutting their losses and moving on.		Sunk costs can pose an important dilemma for the funders of building projects, if for example, circumstances change part way through a project. They may then need to weigh up how much they have already spent, against the potential consequences of either proceeding (and potentially throwing good money after bad) or cutting their losses and moving on.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Capital costs for construction projects.		* Capital costs for construction projects.
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	* RICS.		* RICS.

−	[[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]]

Editor at 16:14, 6 August 2018

2018-08-06T16:14:59Z

← Older revision		Revision as of 16:14, 6 August 2018
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	* Cost plan.		* Cost plan.
	* Front-loaded costs.		* Front-loaded costs.
		+	* Irrelevant cost.
	* NRM1.		* NRM1.
	* NRM2.		* NRM2.
	* NRM3		* NRM3
	* Outturn cost.		* Outturn cost.
		+	* Relevant cost.
	* RICS.		* RICS.

	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]

Designing Buildings: Created page with "NRM3: Order of cost estimating and cost planning for building maintenance works, defines ‘sunk cost’ as: ‘… the cost of goods and services already incurred and/or irrevo..."

2018-06-15T10:56:50Z

Created page with "NRM3: Order of cost estimating and cost planning for building maintenance works, defines ‘sunk cost’ as: ‘… the cost of goods and services already incurred and/or irrevo..."

New page

NRM3: Order of cost estimating and cost planning for building maintenance works, defines ‘sunk cost’ as:

‘… the cost of goods and services already incurred and/or irrevocably committed.’

As sunk costs have already happened, they are independent of any event that may occur in the future.

Sunk costs are often associated with buildings, as for many businesses, once built, they are in effect sunk costs.

Sunk costs can pose an important dilemma for the funders of building projects, if for example, circumstances change part way through a project. They may then need to weigh up how much they have already spent, against the potential consequences of either proceeding (and potentially throwing good money after bad) or cutting their losses and moving on.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Capital costs for construction projects.
* Construction costs.
* Cost plan.
* Front-loaded costs.
* NRM1.
* NRM2.
* NRM3
* Outturn cost.
* RICS.

[[Category:Cost_/_business_planning]]