Meaning of “hard cost” in the English Dictionary

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"hard cost" in Business English

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hard costnoun [ C, usually plural ]

uk us

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

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(Definition of “hard cost” from the Cambridge Business English Dictionary © Cambridge University Press)