- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 06 Aug 2018
NRM3: Order of cost estimating and cost planning for building maintenance works, defines ‘sunk cost’ as:
As sunk costs have already happened, they are independent of any event that may occur in the future.
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
Featured articles and news
1 minute read.
An alternative to secondary ventilation stacks in tall buildings.
How to deliver the infrastructure the country needs.
Protecting employees from hearing damage.
One of the largest office buildings in the world.
Who holds the risk for COVID-19?
Insights from New York.
A quick introduction to a very complicated subject.
CIOB suggests the economic reach of construction is double the official figures.
The first US building to achieve BREEAM Outstanding In-Use.
70 buildings from 70 years of Concrete Quarterly. Book review.