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English definition of “hard cost”

hard cost

noun [C, usually plural]
 
 
FINANCE money paid for building supplies and the work involved in building: By far the largest portion of the expenses in a construction project are the hard costs of the actual construction.
ACCOUNTING the money that a company pays for a hard asset such as a building, equipment, or the products it sells
→ See also cost noun → Compare soft cost
(Definition of hard cost from the Cambridge Business English Dictionary © Cambridge University Press)
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