- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 20 Nov 2020
Cost vs price
- The term 'cost' refers to the expense incurred in the production of a product or service.
- The term 'price' refers to the payment required for the supply of a product or service.
- Wider project costs incurred by the client, such as fees, finance charges, land purchase costs and so on.
- Long term costs such as lifecycle costs, whole life cost and so on.
In the construction industry, the term 'price' typically refers to the price offered by a supplier. This could relate to a price for carrying out part of the construction works, for the supply of goods, for the supply of services and so on.
 Related articles on Designing Buildings Wiki
Featured articles and news
CIOB offers digital guide to proactive methods of working.
Tech will drive professional development in fields tied to infrastructure.
The idea for the structure emerged from the architect's dream.
Changing air tightness requirements prompt testing and revisions.
Government takes steps to revise building safety legislation.
Product can be 'grown' into bricks or used as a self-healing building material.
Anticipating COVID-19's continuing construction disruptions.
Availability payment arrangements involve project performance.
EU responds to COVID-19 with NextGenerationEU plan.
Property developer and founder of London Brick Company.
New course offered by CIOB.
Radical new designs to control drinking after the first world war.